Bearish
EUR/USD retreats below 1.1650 as US inflation data strengthens dollar ahead of Jackson Hole
In the past 24 hours, EUR/USD has declined below the 1.1650 level, influenced by stronger-than-expected U.S. inflation data that bolstered the U.S. dollar. This movement occurred ahead of the Jackson Hole Symposium, where Federal Reserve Chair Kevin Warsh is scheduled to speak on August 28, 2026.
Key points
- EUR/USD falls below 1.1650 as U.S. inflation data supports dollar strength.
- Market awaits Federal Reserve Chair Kevin Warsh's speech at Jackson Hole on August 28.
- European Central Bank's cautious stance contrasts with U.S. Federal Reserve's hawkish outlook.
Sources
- Euro retreats below 1.1650 as inflation data buoys US Dollar ahead of Jackson HoleTMGM Asia · August 27, 2026
- Euro near one-week low against dollar ahead of Jackson Hole; EUR/INR futures hold around 111 markBusiness Standard · August 27, 2026
- Euro trims intraday losses as traders weigh Fed-ECB interest rate outlooksTMGM Asia · August 27, 2026
AI-generated from public news sources. Not financial advice.
