EUR/USD Edges Higher Ahead of Keynote Address at Jackson Hole

The EUR/USD pair has been showing modest gains near 1.1655 during the early Asian session on Friday.

This is ahead of the keynote address by Federal Reserve Chairman Kevin Warsh at the Jackson Hole Symposium, which could offer some clues about the US economy and monetary policy.

The Euro has been supported by a hawkish stance from the European Central Bank (ECB) and firm economic data from the Eurozone, including business activity growing at its fastest pace this year.

Market participants are now pricing in nearly 96% odds that the ECB will increase the deposit rate to 2.50% at its September policy meeting, according to the ECB Watch tool.