{"id":154208,"date":"2019-08-26T08:00:07","date_gmt":"2019-08-26T12:00:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154208"},"modified":"2019-08-26T07:25:44","modified_gmt":"2019-08-26T11:25:44","slug":"eurusd-safe-haven-assets-open-up-in-the-asian-session","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-safe-haven-assets-open-up-in-the-asian-session\/","title":{"rendered":"EURUSD: safe haven assets open up in the Asian session"},"content":{"rendered":"
August 26, 2019<\/div>
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By Alpari.com<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

Last week, trading was mixed on the majors against the US dollar. Losing out were the Kiwi dollar (-0.48%), the Aussie dollar (-0.38%), and the Canadian dollar (-0.15%). The biggest gain was made by the pound (+1.16%), followed by the yen (+0.94%), the euro (+0.49%), and the Swiss franc (+0.35%).<\/p>\n

On Friday the 23rd<\/sup> of August, trading on the EURUSD pair closed 0.53% up. The price fluctuations on Friday were normal seeing as trading on the pair stayed below the U2 line.<\/p>\n

There was a surge in volatility during the US session when Jerome Powell was speaking at the Jackson Hole symposium. It\u2019s unclear, however, whether the dollar slid in response to his comments, or whether it was because of China. It was more likely a reaction to China\u2019s decision to increase tariffs on up to 75bn USD of US imports (from 5% to 10%). The tariffs will come into effect on the 1st<\/sup> of September and will last until the 15th<\/sup> of December.<\/p>\n

Meanwhile, at Jackson Hole, Powell said that the Fed\u2019s measures are aimed at stimulating economic growth, which is currently at serious risk. He also noted that economic indicators are close to the regulator\u2019s target levels. Trump once again accused the Federal Reserve of inaction, and labelled the regulator an enemy of the US economy.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n