EUR/USD - Overview from 09.09.2024
Published on 09.09.2024 10:46

Data published in the US on Friday led to an increase in volatility of the EUR/USD pair quotes. An attempt to rise to 1.1200 did not succeed. At present, there is a decline in quotes towards another area that was indicated earlier, located around the 1.1020 level. From a fundamental perspective, the backdrop is a reduction in expectations for a rate cut by the Federal Reserve System of the United States by 50 basis points. It appears more likely today, to only have a decrease of 25 points. This fact supports the US dollar and puts additional pressure on the euro quotes in the pair with the dollar.