It’s laborious to see EUR/USD being pushed by the rest than the Fed immediately. Economists at ING consider that the pair might problem early-September 0.9900 lows after the US central financial institution announcement.
General surroundings for the euro stays fairly difficult
“What is certain is that the general surroundings for the euro stays fairly difficult, and the most recent experiences that Germany goes forward with a full nationalisation of Uniper – the biggest purchaser of Russian gasoline – are working towards any aid rally in European sentiment in the meanwhile.”
“We expect the early-September 0.9900 lows might be examined in EUR/USD after the Fed announcement, and a break beneath that stage might unlock additional draw back for the pair into the 0.9800 help.”