Forex
US Dollar Index Stalls After Jackson Hole, Favoring FX Crosses
The US Dollar Index (DXY) has stalled after Federal Reserve Chair Kevin Warsh's keynote address at the Jackson Hole Economic Symposium on August 28, 2026.
A hawkish repricing toward a more hawkish Fed funds futures market drove global financial conditions tighter, with the DXY remaining range-bound near key resistance at 100.54.
The most compelling macro risk/reward opportunities over the next multi-week horizon lie in FX crosses rather than direct USD pairs.