NEWS | 08/21/2025 09:00:52 GMT
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By FXStreet Team
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Editors’ Picks
EUR/USD stays offered, challenges 1.1600
EUR/USD is under further negative pressure, trading in the red near the 1.1600 support. The US Dollar accelerates its gains as traders continue to assess August PMI figures, which indicate that the private sector’s economic activity rose quicker than predicted. Moving forward, the focus of attention is expected to gyrate to Powell’s speech at the Jackson Hole Symposium on Friday.
GBP/USD sinks to weekly lows, targets 1.3400
GBP/USD loses further momentum and falls to the vicinity of the 1.3400 support on Thursday. Cable’s daily pullback comes in response to extra upside pressure on the Greenback, particulalry exacerbated following firmer-than-expected US business activity readings.
Gold remains on the back foot below $3,350
Gold struggles to build on its gains from Wednesday, trading below $3,350 per troy ounce on Thursday. The renewed weakness in the precious metal follows a marked pick-up in the Greenback as well as rising US yields across different time frames.
Crypto Today: Bitcoin, Ethereum, XRP faces pressure after recent recovery
Bitcoin, Ethereum, and Rippleremain steady at press time on Thursday, following minor turbulence after the release of the FOMCmeeting minutes on Wednesday. The meetings set the tone for the US Jackson Hole economic policy symposium, which starts on Thursday, focusing on transitions in the labor market.
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