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Home Forex Trading EUR/USD surges above 1.17 as Powell hints at September Fed cut

EUR/USD surges above 1.17 as Powell hints at September Fed cut

Andrew M Aug 24, 2025 comments off
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EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%.

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Chairman Euro/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS Forex Trading Jerome Powell
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