Forex News

FX Closing Bell August 25, US Dollar Tanks Taking EUR/USD Near 2017 Highs, Gold Price Jumps



Get your login:


As summer doldrums end, the near future for the USD remains bleak after weak US data was stamped this week with Yellen encouraging DXY bears further.

• Dollar breakdown extends after Yellen’s Jackson Hole speech favoring regulation over growth
• Hurricane Harvey sending commodity markets in different directions, Gold price jumps
• EUR/USD looks set to test 1.2000 if ECB does not stand in its way
• Sentiment Highlight Euro Traders Once Again Sell – We Prefer to Buy

Leave a Reply