New York Open Briefing: Monday, August 24, 2026
The New York session opens with the US Dollar displaying broad strength, a continuation of its performance over the past 24 hours. The USD has gained 0.17%, positioning it as the strongest currency in the period. This strength is evident in key pairs, with USDCAD advancing 0.43% and USDCHF up 0.27%. In contrast, the Canadian Dollar shows notable weakness, declining 0.50% over the same timeframe. Other major pairs also reflect USD strength, with EURUSD down 0.14% and NZDUSD falling 0.19%. The broader market sentiment, as measured by the risk meter, stands at -0.19, indicating a slight risk-off preference among participants. This sentiment aligns with a 0.26% rise in XAUUSD and a 0.25% decline in USTEC.
Today’s trading session is characterized by a light economic calendar, with no major data releases having landed just prior to the open. This suggests that market movements may be driven by existing momentum or shifts in broader sentiment rather than new fundamental inputs.
Looking ahead, the primary event for traders to monitor will be Treasury Sec Bessent Speaks, scheduled for Monday at 18:00 UTC, which is rated as a medium impact event for the USD.
| At a glance | |
|---|---|
| Biggest moves since the previous session | USDCAD +0.43%, USDCHF +0.27%, XAUUSD +0.26% |
| Currency strength, 24h | USD strongest at +0.17%, CAD weakest at -0.50% |
| Risk meter | -0.19 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 18:00 UTC | USD | Treasury Sec Bessent Speaks | Medium | – |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.