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fxAug 13, 2026, 8:18 AM

FX Drifts After Muted US CPI as Jackson Hole Looms

The latest US CPI release left currency markets without a clear directional impulse, keeping FX quiet into the late-August Jackson Hole Symposium.

The latest US CPI print failed to provide meaningful direction for FX markets, reinforcing a subdued tone as attention shifts toward the Jackson Hole Symposium later in August.

Volatility in currency markets remains persistently low. The note highlights several potential catalysts that could break the calm: Gulf news, fresh Fedspeak, and larger-than-expected surprises in tier-two economic data.

For now, FX appears to be drifting with no strong directional bias ahead of the symposium.

Source: FXStreet Forex News