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European Currencies Hit New Lows, Precious Metals on the Rise
European currencies, along with the yen and commodity currencies, came under pressure again last week. After Jerome Powell’s hawkish talk at the Jackson Hole symposium, GBP/USD fell below 1.2600, EUR/USD broke support at 1.0800, and USD/JPY came close to 2023 extremes near 147. In the event of a breakout of these levels, the upward movement […] The post European Currencies Hit New Lows, Precious Metals on the Rise appeared first on Action Forex...
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Posted: Aug 29 2023, 13:25
Author Name: actionforex
Views: 111664