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Euro slides below 1.1600 as Warsh brings Fed rate hike back into play
EUR/USD falls sharply toward 1.1595 on Friday at the time of writing, losing 0.48% on the day, as the US Dollar (USD) rallies following Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.
Fxstreet
Fri, Aug 28
Euro drifts lower as Fed hawks set the stage for Warsh
EUR/USD trades around 1.1645 on Friday, posting a modest 0.07% decline on the day as investors adopt a wait-and-see approach ahead of a highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.Fxstreet
Fri, Aug 28
Euro: ECB vigilance and inflation risks – BNY
BNY’s Geoff Yu highlights that European inflation is firming, with French and Spanish data reinforcing concerns for the European Central Bank (ECB). Governing Council members Kazaks and Schnabel are framed as hawkish voices, stressing the need to prevent persistent price pressures.Fxstreet
Fri, Aug 28
Canadian Dollar awaits fresh catalyst with Warsh, GDP data in focus
USD/CAD trades around 1.3845 on Friday, edging 0.07% lower on the day, as investors refrain from taking large positions ahead of the highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.
Fxstreet
Fri, Aug 28
Australian Dollar tests three-month highs above 0.7200 with all eyes on Fed’s Warsh
The Australian Dollar (AUD) ticks higher for the fourth consecutive day against the US Dollar (USD) as investors brace for the Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later on Friday.
Fxstreet
Fri, Aug 28
Canadian Dollar: Trade war clouds Q2 GDP rebound – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/CAD is trading just above its 200‑day moving average near 1.3840 as Canada’s Q2 GDP is expected to rebound strongly, with real GDP seen rising 3.4% SAAR versus a slight Q1 contraction.Fxstreet
Fri, Aug 28
Silver Price Forecasts: XAG/USD hits fresh two-month highs with all eyes on Jackson Hole
Silver (XAG/USD) heads north for the second consecutive day on Friday, with all eyes on the Federal Reserve (Fed) Chairman Kevin Warsh’s speech at the Jackson Hole Symposium, due later on the day.Fxstreet
Fri, Aug 28
New Zealand Dollar: Bearish stance maintained on rate hike pricing – TD Securities
TD Securities’ FX strategist Howard Du maintains a bearish New Zealand Dollar (NZD) bias, noting that Reserve Bank of New Zealand (RBNZ) tightening is largely priced and NZD positioning has normalized.
Fxstreet
Fri, Aug 28
Swiss Franc consolidates recent losses with the focus turning to Fed’s Warsh
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the Jackson Hole Symposium, due later on the day.
Fxstreet
Fri, Aug 28
Japanese Yen: Range trading remains intact against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY held in a narrow band around 159.35, with a slight uptick in upward momentum. They expect this to translate into trading between 159.15 and 159.65 rather than a sustained advance.Fxstreet
Fri, Aug 28
EUR/GBP Price Forecast: Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day's range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole.
Fxstreet
Fri, Aug 28
Japanese Yen dips further despite hotter inflation, upbeat employment data
The Japanese Yen (JPY) edges lower for the fifth consecutive day against the US Dollar (USD) on Friday, despite hot Tokyo inflation numbers and an unexpected decline in the Unemployment Rate earlier in the day.Fxstreet
Fri, Aug 28
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