Euro slides below 1.1600 as Warsh brings Fed rate hike back into play

Euro slides below 1.1600 as Warsh brings Fed rate hike back into play

Source: EODHD - https://www.fxstreet.com/news/euro-slides-below-11600-as-warsh-brings-fed-rate-hike-back-into-play-202608281450
Published: Aug 28, 2026 10:50 AM

EUR/USD falls sharply toward 1.1595 on Friday at the time of writing, losing 0.48% on the day, as the US Dollar (USD) rallies following Federal Reserve (Fed) Chair Kevin Warsh’s speech at the Jackson Hole Symposium.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.