There was a burst of volatility when Jerome Powell delivered his speech and initially the US equites tumbled, and the US dollar rallied.
Equity markets have recouped some of the losses they endured earlier this week ahead of the Jackson Hole Symposium which starts today.
European equity markets are in the red this afternoon as there are some mild concerns the European Central Bank (ECB) might look to taper its bond buying scheme sooner than previously thought.
Equity markets are in the red as it seems that dealers are squaring up their books on the final day of the month.
There was some mild activity in the markets this afternoon following the announcement from Fed chief Jerome Powell.
It has been a lacklustre session in equity markets today as it seems that some dealers are keen to sit on hands ahead of the Jackson Hole Symposium, which kicks off tomorrow.
The US dollar rose against most of the currencies on morning trading, as markets risk aversion followed the threat of US President Donald Trump to shut down the government and end the North American Trade Agreement.
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