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Market News

Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

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Friday, Aug 28
12:47 story EUR

Eurozone Economic Sentiment Reaches Seven-Month High in August, Exceeding Forecasts

Eurozone economic sentiment improved significantly in August, driven by stronger confidence in industrial and services sectors, reaching its highest level since January. 12:46 story CAD

Canada’s Q2 GDP Accelerates to 3.3% Annualized, Signaling Economic Rebound

Canada's economy expanded at an annualized rate of 3.3% in the second quarter, marking a significant acceleration and rebound despite slightly missing market forecasts. 12:30 Daily brief ALL

New York Open Briefing: Friday, August 28, 2026

New York session opens with a slight risk-on tone. Key movers include NZDUSD, JP225, and XAUUSD. US data and Fed speakers are ahead. 11:01 story EUR

French Economy Stagnates in Second Quarter, Narrowly Avoiding Recession

France's economy narrowly avoided a technical recession in the second quarter, as official data revealed a downward revision to GDP growth, showing stagnation and complicating the... 10:32 story CAD

President Trump Signs Executive Order Renaming Lake Ontario Amidst US-Canada Trade Tensions

U.S. President Donald Trump signed an executive order to rename Lake Ontario as 'Lake America' on Thursday, August 27, 2026, amidst ongoing trade disputes with Canada,... 09:30 Event recap EUR

Consumer Price Expectations (EUR) comes in at 33 against 24.4 consensus

Eurozone Consumer Price Expectations were released today, showing a significant beat against consensus estimates. Initial market reaction across EUR pairs has been observed. 09:30 Event recap EUR

Economic Sentiment Indicator comes in at 98.4 against 96.9 consensus

The Eurozone Economic Sentiment Indicator for August printed at **98.4**, exceeding the consensus of **96.9**. Initial market reaction has been limited across major EUR pairs. 08:30 Event recap EUR

Germany Unemployment comes in at 2.996M against 2.991M consensus

Germany's latest unemployment figures showed 2.996 million people unemployed, slightly above the 2.991 million consensus. Initial market reactions were generally subdued across EUR pairs. 08:30 Event recap EUR

Germany Unemployment Rate comes in at 6.4% against 6.3% consensus

Germany's Unemployment Rate was reported at 6.4%, slightly above the 6.3% consensus. Initial market reaction in EUR pairs showed relatively small movements compared to historical averages. 08:30 Event recap EUR

Germany Unemployment Change comes in at 4K against 1K consensus

Germany's Unemployment Change rose by 4K, exceeding the 1K consensus. Initial market reaction saw varied movements for the euro, generally small compared to historical averages. 07:30 Event recap EUR

Spain CPI y/y comes in at 4.3%

Spain's Consumer Price Index year over year was reported at **4.3%**. Initial market reaction across EUR pairs has been limited. 07:30 Event recap EUR

Spain HICP y/y comes in at 4.5%

Spain's HICP year over year was released at **4.5%**. Initial market reaction saw limited movement across EUR pairs. 07:30 Daily brief ALL

London Open Briefing: Friday, August 28, 2026

London opens with equities higher, EUR weaker after soft data. Traders watch German unemployment and the Jackson Hole Symposium. 07:15 Event recap EUR

France GDP q/q comes in at 0% against 0.2% consensus

France's latest GDP figures show zero growth, missing consensus expectations. Initial market reaction has been relatively muted across EUR pairs. 07:15 Event recap EUR

France Consumer Spending m/m comes in at 0.5% against 0% consensus

France's Consumer Spending m/m for August printed at 0.5%, exceeding the consensus forecast of 0%. The Euro showed a limited initial market reaction. 07:15 Event recap EUR

France HICP m/m comes in at 0.8% against 0.2% consensus

France's HICP m/m for August printed at 0.8%, significantly above the 0.2% consensus. Initial market reaction saw minor movements in EUR pairs. 07:15 Event recap EUR

France CPI m/m comes in at 0.7% against 0.3% consensus

France's August CPI m/m printed at 0.7%, significantly above the 0.3% consensus. The euro's initial market reaction was muted. 07:15 Event recap EUR

France GDP y/y comes in at 0.5% against 0.7% consensus

France's latest GDP year over year figure was reported at 0.5%, missing the consensus of 0.7%. Initial market reaction saw limited movement across major EUR pairs. 06:30 Event recap SEK

GDP y/y (SEK) comes in at 3.3% against 2.8% consensus

Sweden's annual GDP growth exceeded expectations, printing at 3.3% against a 2.8% consensus. USDSEK saw a limited reaction in the immediate aftermath. 06:30 Event recap SEK

GDP q/q (SEK) comes in at 1.6% against 1.4% consensus

Sweden's Q2 GDP growth exceeded expectations, printing at **1.6%** versus a **1.4%** consensus. The initial market reaction in USDSEK was limited compared to historical moves.