Jackson Hole Symposium Takes Center Stage as Market Awaits Key Data Releases

The upcoming week is expected to be quiet in terms of major macroeconomic data releases. However, market participants will focus on the Jackson Hole Economic Symposium, organized annually by the Federal Reserve, where Federal Reserve Chairman Kevin Warsh plans to speak about monetary policy on Thursday.

On Tuesday, the Reserve Bank of Australia Meeting Minutes and US Conference Board Consumer Confidence Index are scheduled for release. The RBA minutes may contain information regarding their monetary policy issues, which could increase volatility in the Australian dollar.

The Australian CPI figures and US GDP and PCE data will be released on Wednesday. A positive reading in the Australian CPI is expected to strengthen the Australian dollar, while a weak GDP report for the US may pressure the greenback.