As Australia's recent political turmoil comes to an end, the Australian dollar rose in early trading and was steady above 0.7252. Analysts cautioned, however, that the Australian dollar rally could be short-lived, with the interest rate differential between the federal reserve and the rba pushing the currency further down against the greenback.
On Friday, Powell helped turn gold around and break the 1, 200 mark. U.S. oil and bushea oil also gained about 1 percent on positive Iranian news. The dollar was the only loser, at one point approaching the 95 mark.
Analysts said the dollar suffered further setbacks after fed chairman Powell's dovish speech at the Jackson hole annual meeting. Powell said there was no sign inflation would accelerate above 2 percent, sending the index sharply lower. In addition, the yield curve of U.S. treasuries with a maturity of 2-10 years reached its flattest since 2007.
Looking ahead to this week's bilateral agreement between the United States and Mexico as early as Monday, a major breakthrough in NAFTA talks could shake the peso and Canadian dollars. The United States will release a number of economic data, including GDP and PCE. Gold shorts at record highs may have started to cover, and the gold price rally is poised to take off. The lira could play out again as the Turkish holiday ends and trading resumes.

Monday, August 27

The fifth session of the 13th National People's Congress (NPC) standing committee was held on August 27, 31.
London stock exchange is closed for a summer bank holiday.

Tuesday, August 28

The ECB publishes monthly credit and money supply data.
ECB executive board member Peter Praet attends a panel discussion on "monetary and macroprudential policy interactions" at the 33rd annual meeting of the European economic association.

Wednesday, August 29

Bank of Japan board member Hitoshi Suzuki gave a press conference and speech.
European trade commissioner Cecilia Malmstrom was speaking.

Thursday, August 30

The German banking conference, which included finance minister Olaf Scholz, ubs group chairman Axel Weber, German financial regulator Felix Hufeld, deutsche borse's chief executive and Goldman sachs 'German head, covered brexit.

Friday, August 31

Jens Weidman, ECB governing council and head of Germany's central bank, was speaking.
The bank of Korea holds a monetary policy meeting and announces its interest rate decision.