Dollar Stalls After Jackson Hole: FX Crosses Shine
The US Dollar Index has stalled after Federal Reserve Chair Kevin Warsh's keynote address at the Jackson Hole Economic Symposium on August 28, 2026.
The sharp repricing toward a more hawkish Fed funds futures market has tightened global financial conditions. As a result, the potentially stronger macro risk/reward opportunities have shifted towards FX crosses.
AUD/NZD and GBP/JPY retain bullish configurations, with both rebounding from their 200-day moving averages and holding above key technical support levels.