EUR/USD - Review for 02.09.2024

Financial and commodity markets analytics


The US data release on Friday did not significantly impact the volatility in the EUR/USD pair. This could have been due to the fact that the indicator values were not too much in contrast with the previous and projected values. However, in accordance with the scenario we were considering, quotes continue to decline towards the nearest target of 1.1000. Yet, it's important to bear in mind that due to the weekend holiday in the United States and Canada, some market participants are absent. This translates into reduced liquidity for the market and increased risks of unexpected movements.