Option expiries for August 28: EUR/USD at 1.1650, USD/CHF at 0.8000
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.
Key FX option expiries on August 28 include EUR/USD at 1.1650 and USD/CHF at 0.8000, with focus on Fed Chair Warsh's speech.
Germany's import prices rose 0.2% in July from June, with annual inflation quickening to 6.8% driven by energy costs.
European inflation data and Fed Chair Warsh's Jackson Hole speech are the key events today. Markets await his stance on financial conditions.
Spain's August preliminary CPI rose to 4.3% y/y, above the 4.2% forecast, with fuel costs driving the surge. Core inflation eased to 2.9%.
Bitcoin approached $81,000 on Thursday ahead of Fed Chair Warsh's Jackson Hole speech. The crypto is up over 2% in a day.
Former Fed governor Stephen Miran said a rate hike at the September meeting would be a mistake, citing distorted inflation data.
The crypto market fell 0.8% on Friday as it failed to break above the $2.72 trillion resistance level from May.