Dollar pinned at multi-month lows as debt nerves unnerve investors
U.S. economic data releases this week will include personal consumption expenditures price index, personal income and spending figures, consumer confidence, and a second estimate of second-quarter growth. The Federal Reserve's Chairman Kevin Warsh is set to speak in Jackson Hole, Wyoming on Friday, providing guidance on the potential direction of U.S. interest rates. However, UBS economists suggest that Warsh's desire to minimize forward guidance may limit any specific insight into the funds rate outlook.
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