EURUSD hovers near 1- year low as the US dollar index holding the previous month gains.
The package-delivery giant FedEx (NYSE: FDX) stock have fallen more than 12% since the last earnings announcement. While considering the recent sell-off I believe the stock can get its momentum back if the company reports better-than-expected earnings results.
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Global stocks and commodities rebounded ahead of one of the most awaited economic events of the week Jackson Hole symposium.
The Australian dollar recovered from the previous week losses against the US dollar. The currency pair plunged to a more than a 10-month low of 0.7106 on Friday.