Friday, 8 September 2023

EUR/USD Price Forecast: Euro Teeters at 1.07 Ahead of ECB Rate Announcement

The euro tries to defy a break below 1.07 as euro area economic data continues to paint a bleak picture. EUR/USD could be in for more pain if the ECB does not raise rates.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...