Global FX: EU deep dive, US roundup, back to school themes

Meera Chandan, Greg Fuzesi and Patrick Locke discuss the recent growth and fiscal dynamics in the Euro area with implications for EUR/USD; US events (PCE, JH, upcoming payrolls) and the main back-to-school themes for FX (all roads lead to carry).   This podcast was recorded on 28 August 2026. This communication is provided for information purposes only. Institutional clients can view the related reports at https://www.jpmm.com/research/content/GPS- 5416260-0, https://www.jpmm.com/research/content/GPS-5405224-0, https://www.jpmm.com/research/content/GPS-5426556-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party.