Dankse Bank
Dankse Bank, Institutional
Euro: Modest rebound against US Dollar as yields rise – Danske Bank
Danske Research Team notes that EUR/USD has modestly rebounded above 1.16 following recent Dollar strength after Fed Chair Kevin Warsh’s Jackson Hole speech. They also highlight contained underlying inflation pressures across major euro-area economies, while markets await the region’s flash inflation, unemployment and final manufacturing PMI data. Pair recovers above 1.16 level “In the euro area, we […]
by Currency Hedger
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- 1 month ago
Dankse Bank
Euro: Warsh speech weighs on EUR against US Dollar – Danske Bank
Danske Research Team notes that Federal Reserve (Fed) Chair Kevin Warsh’s hawkish Jackson Hole speech pushed EUR/USD lower, with markets now pricing September as nearly a coin-flip for a rate hike. The team highlights that the Dollar strengthened versus both the Euro and Japanese Yen, while EUR/USD is broadly unchanged in early Asian trading despite […]
by Currency Hedger
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- 1 month ago
Dankse Bank, Institutional
Euro: Lower against US Dollar after PCE surprise – Danske Bank
Danske Research Team notes that the United States (US) Personal Consumption Expenditures (PCE) Price Index inflation surprise triggered a hawkish market reaction, pushing US rates higher and weighing on EUR/USD. The pair dropped to 1.1650 as the US Dollar (USD) found support from stronger data. Markets also increased pricing for a potential September Fed rate hike, reinforcing […]
by Currency Hedger
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- 1 month ago
Dankse Bank, Institutional
Euro: Holds near 1.1670 against US Dollar as rate moves offset – Danske Bank
Danske Research Team reports that EUR/USD remained little changed around 1.1670, with the chart showing only a modest pullback from overnight highs before a partial recovery. Lower US yields and softer oil prices weighed on the Dollar, but declining European rates limited the Euro’s upside, leaving the pair without a clear directional signal. EUR/USD stays broadly stable […]
by Currency Hedger
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- 1 month ago