investors are expecting a strong signal that may emerge from the US Federal Reserve meet this week in Jackson Hole. The Jackson Hole meeting "looks set to dominate trade this week," wrote Angus Nicholson, market analyst at IG in Melbourne. "The DXY US dollar index already seemed to be looking ahead for some slightly more upbeat language on the US economy coming out this week as it rallied 0.4% on Friday," he said. Japan's Nikkei rose 0.3% in early trade, taking solace from a weaker currency, but then shed the gains. Crude oil futures dropped, giving back some of their recent gains that propelled oil into bull market territory, after technicals had it in a bear market early this month.

Source: dna August 22, 2016 03:45 UTC