{
  "id": 3967573,
  "title": "Euro drifts lower as Fed hawks set the stage for Warsh",
  "url": "https://urgent.news/2026/08/28/euro-drifts-lower-as-fed-hawks-set-the-stage-for-warsh",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T13:38:42.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-drifts-lower-as-fed-hawks-set-the-stage-for-warsh-202608281338"
  },
  "original_language": "en",
  "account": "Euro falls as Fed Chair Warsh prepares for Jackson Hole speech\n\nOn Friday, the EUR/USD exchange rate slipped to 1.1645, marking a modest 0.07% decline, as traders remained cautious ahead of Federal Reserve Chair Kevin Warsh's highly anticipated address at the Jackson Hole Symposium. The US Dollar has recently strengthened due to a more aggressive stance among several key Fed officials. Investors are now watching closely to see if Warsh will echo these signals or take a more measured approach regarding future monetary policy decisions.\n\nRecent Fed comments indicate a push for tighter monetary policy. Cleveland Fed President Beth Hammack has called for expedited interest rate increases, warning that postponement could lead to further economic strain. She also pointed out that inflation is likely to hover around 3% by year-end, still well above the Fed's 2% target, while financial conditions remain relatively loose. Kansas City Fed President Jeffrey Schmid echoed these concerns on Thursday, emphasizing the need to tackle persistent inflationary pressures and the necessity for policymakers to continue exploring methods to rein in inflation.\n\nWarsh's speech at the Jackson Hole Symposium is expected to be the primary driver of EUR/USD movements on Friday. Any comments affirming the need for rate hikes or more stringent policy could bolster the US Dollar and exert downward pressure on the Euro. Conversely, a more reserved message from Warsh could provide some respite for the Euro.\n\nAt the moment, EUR/USD is trading at 1.1643, exhibiting a mild bearish bias as it stays below both the 100-period and 200-period simple moving averages (1.1658 and 1.1655) as well as a descending resistance trend line near 1.1667. The Relative Strength Index (RSI) stands near 44, signaling a neutral-to-soft sentiment, suggesting that sellers still have the upper hand while upside potential is limited by this cluster of resistance.\n\nIn the near term, the immediate resistance lies at the 200-period SMA at 1.1655, followed by the 100-period SMA at 1.1658 and the downtrend resistance line close to 1.1667. A sustained breach above this cluster could help alleviate the current downward pressure and pave the way for further gains towards the horizontal barrier at 1.1711. If prices break lower, initial support is anticipated at the horizontal level of 1.1614, which, if breached, would likely reinforce the bearish outlook and expose deeper losses in the short term.\n\nGhiles Guezout, a Market Analyst with expertise in stock market investments, trading, and cryptocurrencies, has provided insights into the technical analysis of this story.",
  "summary": "EUR/USD trades around 1.1645 on Friday, posting a modest 0.07% decline on the day as investors adopt a wait-and-see approach ahead of a highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium.",
  "key_points": [
    "Euro falls 0.07% to 1.1645 against USD",
    "Federal Reserve Chair Kevin Warsh set to speak at Jackson Hole Symposium",
    "Fed officials hint at tighter monetary policy"
  ],
  "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."
}