{"id":437248,"date":"2026-09-01T04:40:06","date_gmt":"2026-08-31T21:40:06","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-31-aug-the-usd-moves-lower-usd-corrects-after-warshs-hawkish-speech-at-jackson-hole-437248\/"},"modified":"2026-09-01T04:40:06","modified_gmt":"2026-08-31T21:40:06","slug":"investinglive-americas-fx-news-wrap-31-aug-the-usd-moves-lower-usd-corrects-after-warshs-hawkish-speech-at-jackson-hole","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-31-aug-the-usd-moves-lower-usd-corrects-after-warshs-hawkish-speech-at-jackson-hole-437248\/","title":{"rendered":"investingLive Americas FX news wrap 31 Aug: The USD moves lower. USD corrects after Warsh&#8217;s hawkish speech at Jackson Hole"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/us-broader-indices-close-lower-on-the-day-nasdaq-100-closes-marginally-higher\" rel=\"follow\">US broader indices close lower on the day.  Nasdaq 100 closes marginally higher<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-to-announce-new-drug-pricing-agreement\" rel=\"follow\">Trump to announce new drug pricing agreement.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/strategic-petroleum-reserves-fell-by-3-1m-barrels-to-286-6-mln-barrels-trump-blames-biden\" rel=\"follow\">Strategic Petroleum Reserves fell by 3.1M barrels to 286.6M barrels.  Who is to blame?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/technical-analysis\/buyers-in-crude-oil-had-their-shot-to-take-price-higher-from-a-technical-perspective-and-they-missed\" rel=\"follow\">Buyers in crude oil had their shot to take price higher from a technical perspective and they missed.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/european-shares-close-closely-lower-uk-s-ftse-100-and-italy-s-ftse-mib-close-higher\" rel=\"follow\">European shares close closely lower. UK&#8217;s FTSE 100 and Italy&#8217;s FTSE MIB close higher<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/treas-sec-bessent-oil-price-are-going-to-come-down\" rel=\"follow\">Treas Sec Bessent: Oil price are going to come down. US 10 year yield is where it was when Pres. Trump took office.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/treas-sec-bessent-at-the-g20-iran-taking-sanctions-seriously\" rel=\"follow\">Treas. Sec Bessent at the G20: Iran taking sanctions seriously<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-iran-has-no-navy-and-air-force\" rel=\"follow\">Trump: Iran has no Navy and Air Force.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/technical-analysis\/the-kickstart\" rel=\"follow\">The USD is lower vs major currencies. In the video, I ake a look at the EURUSD, USDJPY and GBPUSD to kickstart the week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/investinglive-european-markets-wrap-oil-holds-higher-regional-yields-push-up\" rel=\"follow\">investingLive European markets wrap: Oil holds higher, regional yields push up<\/a><\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">One trading day after Fed Chair Kevin Warsh delivered a more hawkish message at Jackson Hole\u2014sending Treasury yields and the US dollar higher while lifting the probability of a September rate hike back toward 65%\u2014the greenback corrected lower against all the major currencies.<\/p>\n<p>The USD fell the most against the CAD (-0.31%) and EUR (-0.27%). The declines against the JPY (-0.19%) and CHF (-0.11%) were more modest, while the greenback was little changed against the GBP, AUD and NZD.<\/p>\n<p>Treasury Secretary Scott Bessent may have given dollar sellers an additional reason to push the greenback lower when he noted that the Federal Reserve traditionally does not raise rates in response to a supply shock. The market-implied probability of a September hike was little changed, but his comment could provide Chair Warsh with some justification to delay tightening. However, monetary policy is decided by the full FOMC, and several Fed officials continue to lean toward a rate increase.<\/p>\n<p>Bessent also played down concerns about rising Treasury yields, calling the US bond market the most resilient in the world. He noted that the 10-year yield is near where it was when President Trump took office. He added that if investors were genuinely concerned about US debt, they would be selling Treasuries and buying the bonds of other countries\u2014and that is not what the market is showing.<\/p>\n<p>Despite those comments, US Treasury yields finished higher, led by the longer end of the curve:<\/p>\n<ul>\n<li>\n2-year yield: 4.3478%, down 0.2 basis points<\/li>\n<li>\n5-year yield: 4.5037%, up 2.2 basis points<\/li>\n<li>\n10-year yield: 4.756%, up 3.4 basis points<\/li>\n<li>\n30-year yield: 5.2486%, up 4.1 basis points<\/li>\n<\/ul>\n<p>In the foreign exchange market:<\/p>\n<ul>\n<li>\nEURUSD rose 0.27% to 1.1615<\/li>\n<li>\nUSDJPY fell 0.19% to 159.74<\/li>\n<li>\nGBPUSD rose 0.07% to 1.3544<\/li>\n<li>\nUSDCHF fell 0.11% to 0.8083<\/li>\n<li>\nUSDCAD fell 0.31% to 1.3858<\/li>\n<li>\nAUDUSD rose 0.07% to 0.7164<\/li>\n<li>\nNZDUSD rose 0.07% to 0.5914<\/li>\n<\/ul>\n<p>The broader US stock indices closed mostly lower, although the final declines could have been worse. The Dow was the weakest performer, led by declines in Amazon (-2.50%), Honeywell (-1.79%) and Sherwin-Williams (-1.73%). The Nasdaq 100 bucked the trend and eked out a small gain.<\/p>\n<ul>\n<li>\nDow Industrial Average fell 374.02 points, or 0.70%, to 53,191.33<\/li>\n<li>\nS&amp;P 500 fell 25.60 points, or 0.33%, to 7,686.15<\/li>\n<li>\nNasdaq Composite fell 31.53 points, or 0.12%, to 26,370.89<\/li>\n<li>\nRussell 2000 fell 15.92 points, or 0.54%, to 2,956.45<\/li>\n<li>\nNasdaq 100 rose 23.55 points, or 0.08%, to 29,456.97<\/li>\n<\/ul>\n<p>At the session lows, the Nasdaq Composite was down 152.60 points, while the S&amp;P was lower by 46.69 points. The Nasdaq 100 was down 128.93 points before rebounding to close higher by 23.55 points.<\/p>\n<p>Some notable winners included:<\/p>\n<ul>\n<li>\nRoblox rose 7.16% to $41.29<\/li>\n<li>\nCrowdStrike rose 5.77% to $231.00<\/li>\n<li>\nTesla rose 5.51% to $367.95<\/li>\n<li>\nSanDisk rose 5.50% to $1,566.70<\/li>\n<li>\nStrategy rose 4.42% to $132.94<\/li>\n<\/ul>\n<p>Some notable losers included:<\/p>\n<ul>\n<li>\nCelsius fell 4.64% to $31.45<\/li>\n<li>\nLyft fell 4.52% to $16.90<\/li>\n<li>\nWynn Resorts fell 4.18% to $91.28<\/li>\n<li>\nAlibaba fell 4.10% to $114.02<\/li>\n<li>\nUber fell 4.02% to $75.65<\/li>\n<li>\nShopify fell 3.62% to $147.37<\/li>\n<\/ul>\n<p>In other markets, crude oil was the standout as Middle East tensions pushed prices sharply higher. Bessent said oil prices will eventually come down and argued that Operation Outcast will pressure Iran into making a deal. Gold edged lower, while silver and Bitcoin moved higher.<\/p>\n<ul>\n<li>\nWTI crude oil rose $2.78, or 3.33%, to $86.18<\/li>\n<li>\nGold fell $6.11, or 0.14%, to $4,447.57<\/li>\n<li>\nSilver rose $0.15, or 0.23%, to $66.49<\/li>\n<li>\nBitcoin rose $1,201, or 1.55%, to $78,903<\/li>\n<\/ul>\n<p>Overall, it was a day marked by a weaker US dollar, higher long-term yields, sharply higher oil prices and modest pressure on US equities. However, the rebound from the stock market\u2019s intraday lows took some of the sting out of the declines.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US broader indices close lower on the day. Nasdaq 100 closes marginally higher Trump to announce new drug pricing agreement. Strategic Petroleum Reserves fell by 3.1M barrels to 286.6M barrels. Who is&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437248","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437248"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437248\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}