EUR/USD trades near 1.1627 on Tuesday after a US jobs report that came in almost three times above forecast. The data supported the dollar and strengthened expectations of tighter Federal Reserve policy. Attention now shifts to the European Central Bank meeting on 10 September, where the rate increase is already fully priced in, and the […]
The post EUR/USD Forecast: The ECB Meeting Becomes the Main Driver for the Euro This Week appeared first on ActionForex.
Markets In absence of US traders (Labour Day holiday) and light of EMU eco data, traders took clues from energy markets at the start of the trading week. Both oil ($98/b) and gas (Dutch TTF Read more…
In focus today From the US, the NFIB’s small business optimism index for August is due for release. Overnight, China releases CPI and PPI data for August. After a drop from 4.1% y/y to 3.5% Read more…
RBA Assistant Governor Sarah Hunter kept the door open to further tightening on Tuesday, saying at a property conference that “inflation is a top priority right now.” She added that if inflation looks likely to Read more…