**BREAKING: EUR/USD Holds at 1.165 as Markets Await Fed Chair Speech at Jackson Hole**
The euro is trading at 1.165 against the US dollar as traders brace for critical signals from Federal Reserve Chair Warsh’s upcoming Jackson Hole speech, according to Deutsche Bank strategists. Market participants are closely monitoring the address for any indication of the Fed’s policy direction heading into the September meeting, which could dramatically reshape rate expectations. The current EUR/USD level reflects cautious positioning ahead of what could be a pivotal moment for dollar sentiment and broader currency markets. Any hawkish commentary from Warsh could strengthen the greenback and pressure the euro lower, while dovish signals may provide support for the single currency. Traders across forex desks are adjusting positions in anticipation of heightened volatility following the speech.
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FXnCO Insight
** Keep tight stops on EUR/USD positions and reduce leverage ahead of the Jackson Hole speech, as Fed commentary could trigger sharp directional moves that reshape September rate pricing.
Source: FXStreet