Market News

Fed Chair Warsh’s hawkish Jackson Hole speech pushed September rate-hike odds above 50/50, lifting yields and the dollar while gold fell.

July new home sales fell 10.5% and August consumer confidence hit a seven-month low, though the dollar held firm despite the weak data.

The US Treasury unveiled sweeping new sanctions targeting over 60 individuals and entities to isolate Iran’s economy, boosting the dollar on safe-haven demand.

EUR/USD touched its highest level since May before reversing at the closely watched 1.1700 resistance level.

Bank of Japan officials, led by Deputy Governor Himino, begin a week of public appearances testing the market’s bet on a September rate hike.

Fed Chair Kevin Warsh delivers his first Jackson Hole keynote Friday, just weeks before a September FOMC decision markets see as a coin flip.

USD/JPY held steady near 159 as accelerating Japanese inflation strengthened the case for a near-term Bank of Japan rate hike.

EUR/USD extended its advance to a fourth straight session near 1.1680, supported by dollar weakness and easing Eurozone inflation expectations.

Gold surged past $4,600 an ounce to a fresh three-month high, up nearly 5% for the week on sustained dollar weakness.

Gold pushed above $4,500 an ounce for a third straight weekly gain, driven by safe-haven demand and Iran-linked oil price risk.