One of the world’s most important economic symposiums is held annually in Jackson Hole, Wyoming. This major event will be the focus of many influential central bankers, finance ministers and other financial professionals over the next three days.
Update: Yellen provides no new message – USD stronger
The Kansas City Federal Reserve’s Jackson Hole Economic Symposium will focus on the labor market this year as part of its stated theme of “Re-Evaluating Labor Market Dynamics”.
It will be inaugurated by the new Fed Chair, Janet Yellen, on Friday, with ECB President Mario Draghi speaking at lunchtime.
Guest post by Jay Hawk from Orbex
The three day symposium is known for being a center of dialogue among world finance ministers and the heads of central banks. While conference presentations are the main focus of the event, the informal talk among financial leaders during meals and on the area’s hiking trails make up the real highlights of the conference. Comments made by major monetary policy officials during the event to reporters can move the currency markets significantly.
The Greenback is off of its recent highs against most major currencies on the first day of the conference, with the notable exceptions of Sterling and the Japanese Yen, which have both strengthened.
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