{
  "id": 2973731,
  "title": "Forex Today: Majors stay quiet as investors await US' 'economic D-Day' sanctions",
  "url": "https://urgent.news/2026/08/24/forex-today-majors-stay-quiet-as-investors-await-us-economic-d-day",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T08:00:45.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-majors-stay-quiet-as-investors-await-us-economic-d-day-sanctions-202608240800"
  },
  "original_language": "en",
  "account": "On Monday, August 24, financial markets experienced a lull as investors refrained from making large moves ahead of significant events. The economic calendar remained relatively quiet, with no major economic data releases scheduled for the day. US Treasury Secretary Scott Bessent unveiled a set of sanctions on Iran, aiming to \"sever every economic lifeline\" to the country. The US Dollar (USD) emerged as the strongest currency against major counterparts, while the US Dollar Index showed gains in the European morning.\n\nInvestors will closely monitor the US Bureau of Economic Analysis' (BEA) release of the second estimate of quarterly Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) Price Index figures for July, as well as Federal Reserve Chair Kevin Warsh's comments at the Jackson Hole Symposium. ING analysts emphasize the importance of Warsh's remarks, noting that they must reaffirm the Federal Reserve's commitment to fighting inflation despite the pressure from recent inflation data.\n\nCanada retaliated to US tariffs by imposing a 50% levy on around 5% of US exports. Canadian Prime Minister Mark Carney stated that Canada will match the US tariffs dollar-for-dollar to protect Canadian workers, farmers, families, and businesses. The US Dollar (USD) traded against the Canadian Dollar (CAD) at 1.3835, with analysts from Royal Bank of Canada (RBC) suggesting that the tariffs are unlikely to significantly impact the monetary policy outlook. RBC expects that targeted government measures, such as fiscal supports, will be the primary response to the trade actions, rather than a shift in the Bank of Canada's (BoC) interest rate policy.\n\nIn a risk-on market, investors are optimistic and favor riskier assets, while in a risk-off market, they seek safer options like bonds, gold, and safe-haven currencies. Gold prices rose near $4,650, nearing its highest level in three months. The Australian Dollar (AUD), Canadian Dollar (CAD), New Zealand Dollar (NZD), and other commodity-dependent currencies often strengthen during risk-on periods, while the US Dollar (USD), Japanese Yen (JPY), and Swiss Franc (CHF) tend to gain during risk-off periods.",
  "summary": "Here is what you need to know on Monday, August 24:",
  "key_points": [
    "Financial markets remained quiet on Monday, August 24",
    "US Treasury Secretary imposed sanctions on Iran",
    "Investors await US economic data releases"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}