Forex — Daily Market Briefing
AI-generated morning briefings for the world's most traded instruments — fresh every day, sourced from public news.
EUR/USD drops below 1.1650 as Fed's hawkish stance strengthens USD.
The EUR/USD pair declined below the 1.1650 threshold, influenced by the Federal Reserve's hawkish tone at the Jackson Hole Economic Symposium. Chair Kevin Warsh's remarks on inflation and potential rate hikes have bolstered the U.S. dollar, pressuring the euro.
GBP/USD holds near 1.3600 as Fed's hawkish stance clashes with UK inflation concerns.
Over the past 24 hours, GBP/USD has remained near the 1.3600 level, influenced by contrasting factors. Hawkish signals from the Federal Reserve have bolstered the US Dollar, while persistent UK inflation risks have provided support for the British Pound. This dynamic has resulted in the currency pair trading within a tight range.
USD/JPY breaches 160.00, raising intervention concerns amid carry trade resurgence.
In the past 24 hours, USD/JPY has surpassed the 160.00 threshold, prompting renewed interest in carry trades. This upward movement has reignited discussions about potential intervention by Japanese authorities to curb yen depreciation.
USD/CHF rises to 0.8094 amid hawkish Fed signals and Treasury buybacks
The USD/CHF pair has strengthened to 0.8094, driven by hawkish statements from Federal Reserve officials and U.S. Treasury buybacks aimed at curbing rising bond yields. These developments have bolstered the U.S. dollar, leading to a rise in the USD/CHF exchange rate.
AUD/USD rises to 0.7205 as RBA rate hike expectations strengthen
The Australian Dollar (AUD) has strengthened against the US Dollar (USD), with the AUD/USD pair reaching a three-month high of 0.7205. This surge is driven by robust July inflation data, leading markets to anticipate a rate hike by the Reserve Bank of Australia (RBA) in November. Additionally, Federal Reserve Chair Kevin Warsh's recent hawkish comments have bolstered the USD, causing a slight pullback in the AUD/USD pair.
USD/CAD tests 1.3900 resistance after Canada's 3.3% Q2 GDP growth.
The USD/CAD pair is testing the 1.3900 resistance level following Canada's robust 3.3% annualized GDP growth in Q2. Despite this positive economic data, the Canadian dollar remains under pressure due to escalating U.S.-Canada trade tensions and hawkish remarks from Federal Reserve Chair Kevin Warsh.
NZD/USD declines to 0.5913 amid cautious risk sentiment and geopolitical tensions
Over the past 24 hours, the NZD/USD pair has weakened, closing at 0.5913 on August 28, 2026. This decline is attributed to heightened geopolitical risks, particularly in the Middle East, and a cautious risk sentiment among investors. Additionally, market expectations of a hawkish Federal Reserve stance have bolstered the US Dollar, further pressuring the New Zealand Dollar.
EUR/GBP stabilizes near 0.8570 as market awaits Jackson Hole speech.
Over the past 24 hours, EUR/GBP has remained relatively stable, trading around 0.8570, as investors await Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium. This event is anticipated to provide insights into future U.S. monetary policy, which could influence the EUR/GBP exchange rate.
EUR/JPY maintains bullish trend near 185.80, supported by key technical indicators.
EUR/JPY continues to trade within an ascending channel, holding above both the nine-day and 50-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) at 57.38 indicates positive momentum, suggesting potential for further upside.
EUR/CHF faces technical rejection at 0.9400 amid ECB's growth concerns
EUR/CHF has encountered resistance at the 0.9400 level, a zone that has historically reversed bullish attempts since September 2025. This technical barrier coincides with the European Central Bank's (ECB) hawkish stance on inflation, which raises concerns about potential economic slowdown in the eurozone. The Swiss franc's safe-haven appeal is further bolstered by these growth apprehensions.
EUR/AUD trades at 1.6170, down 0.15% amid Australian inflation concerns.
In the past 24 hours, EUR/AUD has declined by 0.15%, closing at 1.6170. This movement is primarily driven by Australia's higher-than-expected July inflation, which has intensified expectations of an imminent interest rate hike by the Reserve Bank of Australia (RBA). The anticipated rate increase is expected to bolster the Australian Dollar, exerting downward pressure on EUR/AUD.
EUR/CAD remains steady at 1.6104 amid stable Eurozone investor confidence.
Over the past 24 hours, there have been no significant developments impacting the EUR/CAD currency pair. The Eurozone's Sentix Investor Confidence index rose to 0.9 in August, its first positive reading in five months, but this has not led to notable movement in EUR/CAD.
EUR/NZD remains stable at 1.9588 amid low volatility and no significant news.
Over the past 24 hours, EUR/NZD has maintained a steady rate of 1.9588, with minimal fluctuations. There have been no significant developments or news affecting the pair during this period.
No significant market-moving news for GBP/JPY in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting GBP/JPY. The currency pair remains influenced by broader market dynamics, including the Bank of Japan's monetary policy and global economic indicators. Traders should monitor upcoming central bank meetings and economic data releases for potential market-moving events.
GBP/CHF remains steady at 1.0955 amid low volatility and neutral retail sentiment.
Over the past 24 hours, GBP/CHF has maintained a stable trading range, closing at 1.0955 on August 28, 2026. Retail trader sentiment is currently neutral, with 48% holding long positions and 52% short positions. This equilibrium suggests a lack of strong directional bias among market participants.
GBP/AUD remains steady at 1.8895 amid stable market conditions.
Over the past 24 hours, the GBP/AUD exchange rate has remained relatively unchanged, closing at 1.8895 on August 28, 2026. This stability reflects a lack of significant market-moving news during this period.
GBP/CAD remains steady at 1.8817 amid limited market-moving news.
Over the past 24 hours, there have been no significant developments impacting GBP/CAD. The pair continues to trade around 1.8817, reflecting a stable market environment. Traders should monitor upcoming economic data releases and central bank communications for potential market-moving events.
AUD/JPY holds above 114.50 as bullish momentum persists, eyes on 100-day SMA
AUD/JPY maintains a bullish trend, trading above the 100-day simple moving average (SMA) at 113.80. The pair faces immediate resistance near 115.00, with the Reserve Bank of Australia's (RBA) relatively hawkish stance supporting the Australian dollar against the Japanese yen.
TD Securities maintains bearish AUD/NZD outlook, forecasting 1.22 by year-end.
TD Securities continues to hold a bearish stance on the New Zealand Dollar (NZD), citing that the Reserve Bank of New Zealand's (RBNZ) tightening cycle is largely priced in, and NZD positioning has normalized. They expect AUD/NZD to remain supported above 1.20, with a year-end forecast of 1.22. The firm also notes that the bar for NZD/USD to sustain gains above 0.60 remains high, despite broader US Dollar weakness.
No significant market-moving news for CAD/JPY in the past 24 hours.
Over the past 24 hours, there have been no significant developments affecting the CAD/JPY currency pair. The pair remains relatively stable, with the Canadian dollar trading at 115.12 JPY as of August 28, 2026.
CHF/JPY remains stable at 197.7996, with no significant market-moving news
Over the past 24 hours, the CHF/JPY currency pair has maintained a stable exchange rate of 197.7996, with no significant market-moving news reported. This stability reflects a lack of major economic events or policy announcements affecting the Swiss Franc or Japanese Yen during this period.
NZD/JPY forecasted to reach 94.187 by December 2026.
Recent analyses indicate that NZD/JPY is projected to reach 94.187 by December 2026, with a current trading value of 94.6636 as of August 29, 2026. This projection reflects a stable outlook for the currency pair, with no significant market-moving news in the past 24 hours.
USD/CNH closes at 6.7308, down 0.19% amid hawkish Fed signals.
Over the past 24 hours, the USD/CNH exchange rate declined by 0.19%, closing at 6.7308. This movement was influenced by hawkish statements from Federal Reserve officials, which bolstered the US dollar and exerted downward pressure on the Chinese yuan.
USD/MXN rises to 17.03 as Fed's Warsh signals inflation fight.
The USD/MXN exchange rate increased to 17.03 on August 29, 2026, following Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole Symposium. His emphasis on prioritizing inflation control led investors to anticipate potential rate hikes, strengthening the U.S. dollar against the Mexican peso.
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AI-generated from public news sources. Not financial advice.