FX.co ★ DAX at Over 1-Week Low

On Friday, the DAX in Frankfurt dipped to approximately 24,225, marking its lowest point in over a week. This decline comes as traders digest disappointing domestic economic data and continue to evaluate the implications of the EU-US trade agreement. The German economy contracted by 0.3% quarter-on-quarter from April to June, which is a sharper decline than the initially estimated -0.1% and follows a 0.3% increase in the first quarter. Additionally, anticipation builds around Fed Chair Powell's upcoming speech at the Jackson Hole symposium, which is expected to offer valuable insights into the prospective trajectory of interest rates.