Euro at $1.1655 as markets await the Jackson Hole speech

Updated August 25, 2026.

VERIFIED The EUR/USD pair trades at $1.1655 on August 25, 2026, correcting from its 2026 high of 1.1915, according to RoboForex's analysis. The Dollar Index holds near 99.00.

What is behind the move

HYPOTHESIS Several outlets tie the euro's recent strength to expectations that the European Central Bank will raise rates to 2.5% in September, and to market unease over the U.S. Treasury's plan to expand long-term debt buybacks, which weighs on the dollar's appeal. That is the explanation circulating this week, not something this site has independently verified, according to Trading Economics.

HYPOTHESIS This week's focus is the Federal Reserve Chair's speech at the Jackson Hole Symposium. A softer tone could pressure the dollar lower; a message centered on keeping rates high could support it. Which one plays out is not something this site can predict.

What this does not mean

HYPOTHESIS A short-term technical correction does not confirm a trend change. The pair has already moved between $1.14 and $1.19 several times throughout 2026, and a couple of days up or down is not the same thing as a multi-month trend.

Sources checked on August 25, 2026: RoboForex: EUR/USD forecast and analysis, 25 August 2026, Trading Economics: Euro Holds Firm on ECB Hawkishness.

Educational notice: this article is analysis based on public data, may be wrong, and is not financial advice. It is not a buy or sell recommendation. The decision and the risk are always the reader's own.