Forex
US Dollar Stalls After Jackson Hole: 5 Key Currency Pairs to Watch
The US Dollar has stalled after the Jackson Hole economic conference, and several currency pairs are expected to be in focus in September. According to OANDA's Kelvin Wong, five currency pairs to watch include USD/CAD, EUR/USD, USD/JPY, AUD/USD, and NZD/USD.
The US Dollar Index has been trending downward since the conference, and this could have implications for these currency pairs. The CAD has been gaining strength due to Canada's strong economy and high interest rates, making USD/CAD a pair to watch in September.
The EUR/USD is also expected to be active as the European Central Bank meets in September. A weak euro could lead to a stronger US Dollar, which would impact this currency pair.