4 Global Market Updates- 27 August, 2022

 

In this article, we have covered the highlights of global market news about the Australian Dollar, S&P 500, NASDAQ 100 and DOW JONES.

Forecasts for the Australian Dollar: RBA in the Fed’s Shadow for Now

The US Dollar strengthened last week in reaction to Federal Reserve Chair Jerome Powell’s much awaited speech at the Jackson Hole Symposium, making the Australian Dollar vulnerable.

Although his comments mostly met expectations, there are still some questions about his commitment to fighting inflation.

He reintroduced the exceedingly lax policies minded Alan Greenspan and Ben Bernanke nearly in the same breath as he recalled Paul Volker’s attitude of combating inflation.

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