EUR/USD remains in a volatile phase.
The major currency pair saw a decline on Friday, with the current EUR/USD exchange rate at 1.0840.
Increased demand for the US dollar is due to the cautious stance of major central banks regarding their September interest rate decisions.
The strong rally of the US dollar, coupled with significant fluctuations, can be taxing for investors. As market observers often note, such movements typically precede significant shifts in interest rates.
Today, the market is anticipating the release of US employment statistics for August. This is of great importance, especially as investors focus on payroll data. An increase in this indicator will likely be seen as a pro-inflationary factor. All price data holds significance in the current environment.
The post The Euro Faces Renewed Pressure – Overview for September 1, 2023 appeared first at R Blog – RoboForex.
