Trade wars and sanctions have kept the market off-kilter during a period frequently associated with a coasting Summer Lull. Will US-China talks or the Jackson Hole Symposium next week change market course?
For the risk-leaning markets - carry, equities, etc - a late week recovery short-circuited yet another threat of broader reversal. However, the Dollar did not share in the recovery effort. It is trend versus reversal in a market pocked by volatility but lacking liquidity.