Euro jumps to record highs and Dollar to its lowest level after Jackson Hole symposium last week

Euro jumps to record highs and Dollar to its lowest level after Jackson Hole symposium last week

The Euro jumped another 20 points in early Sydney after soaring over 1% on Friday. Mario Draghi did not single out the European currency’s strength in his speech at Jackson Hole, as many had expected. Traders took this as a green light to purchase Euros. Janet Yellen focused her speech on the US financial regulations. She made no mention of monetary policy. The Dollar’s fall was broad-based, although at varying extents.