- EUR / USD dropped significantly, reaching 7 September low on the statements by Fed’s Rosengren about the rate outlook. Now the pair is trading at $ 1.1214, near the H1 100 MA. Since the beginning of the session the pair fell 0.25%.
Market news
9 September 2016
EUR / USD dropped significantly, reaching 7 September low on the statements by Fed’s Rosengren about the rate outlook. Now the pair is trading at $ 1.1214, near the H1 100 MA. Since the beginning of the session the pair fell 0.25%.
According to the futures market, the likelihood of tighter monetary policy in September by the Fed now stands at 30% against 18% the previous day. Meanwhile, the possibility of a rate hike in September is estimated at 62.5% compared to 51.4% yesterday.
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