US Dollar Stalls After Jackson Hole: Top 5 Currency Pairs to Watch in September
The US Dollar (USD) has stalled after the Jackson Hole economic conference, and several currency pairs are worth keeping an eye on in September. According to Kelvin Wong for OANDA, a close-up shot of the Great Seal of the United States is engraved on one-dollar banknotes.
Among the top 5 currency pairs to watch in September are USD/JPY, EUR/USD, GBP/USD, AUD/USD, and NZD/USD. The USD/JPY pair has been experiencing a steady decline since August, with some analysts predicting a potential break below 140.
Meanwhile, the EUR/USD pair is expected to continue its upward trend, driven by the European Central Bank's (ECB) accommodative monetary policy and the US-China trade tensions. The ECB has maintained a dovish stance, which could lead to a stronger euro against the USD.