Both EUR/USD and GBP/USD rates hit fresh yearly lows today.

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Major stock indices are off to a rocky start as risk assets remain vulnerable to changes in sentiment. DAX, FTSE and DJI all face an uphill battle towards Jackson hole.

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Euro bears are giving it another go, pushing EURUSD back-below the parity handle. The big question now is how far they can drive the pair?

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Market sentiment soured last week as Federal Reserve officials stood firm on further rate tightening. The US Dollar surged higher, pressuring US stocks, cryptos and gold. Traders await Jackson Hole.

from DailyFX – Market News https://bit.ly/3dGUwcZ
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European indexes began the week on the back foot as risk appetite waned. Firmer US Dollar indicative of investor caution in global markets

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