Forex
Euro Holds Firm Ahead of Jackson Hole as Investors Anticipate Powell's Speech
The euro has maintained its ground above 1.1650 against the US dollar on Wednesday as investors await the Federal Reserve's Jackson Hole Symposium.
A combination of factors, including a softer dollar and expectations that the European Central Bank may signal a taper of its pandemic-era bond purchases, have contributed to the euro's resilience.
The dollar index has eased slightly from recent highs, with markets digesting mixed US economic data and anticipating guidance from Fed Chair Jerome Powell's speech at Jackson Hole.
The EUR/USD pair is trading around 1.1660, up 0.1% on the day, after finding support near 1.1650, a level that has held multiple times over the past two weeks.