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Forex

US Dollar's Weakness Triggers Shifts in Key Currency Pairs

Guavy AI Editorial Team
Instruments
EUR USD JPY GBP CAD AUD NZD
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The US Dollar has stalled after the Jackson Hole economic summit, and this is having an impact on currency pairs. According to Kelvin Wong of OANDA, five key currency pairs are worth watching in September.

These are the EUR/USD, USD/CAD, AUD/USD, NZD/USD, and GBP/JPY. The US Dollar's weakness could lead to a strengthening of these currencies against the dollar.

The EUR/USD is particularly noteworthy, with some analysts predicting that it will break through $1.20 in September. However, this is not guaranteed and market conditions can change quickly.

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