G10 FX Outlook August 2025: Resilience, Divergence, and the Race for Rate Clarity
G10 FX in August 2025 shows growing divergence as central banks reposition. The USD holds firm with strong US economic data and yield appeal, pressuring EUR and JPY. The euro faces downside risks amid slower growth, while GBP shows resilience tempered by political and economic headwinds. Yen weakness continues despite BoJ policy shifts. ING projects USD strength supported by interest rate differentials and soft demand elsewhere, with currencies reacting to shifting inflation and geopolitical tensions.
