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FX Desk

Euro slides below 1.1600 as Warsh brings Fed rate hike back into play

By FXStreet

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.

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  1. US Dollar Index rallies as Warsh puts September rate hike back on the table
  2. New Zealand Dollar: Bearish stance maintained on rate hike pricing – TD Securities
  3. Gold slides as Warsh's hawkish tilt lifts US Dollar and US yields
  4. Euro: Options show benefits from US policy doubts – Commerzbank
  5. Swiss Franc consolidates recent losses with the focus turning to Fed’s Warsh

Source: FXStreet