EUR/USD: forecast for Sept. 4-8

The euro made bullish swings on good data from the euro area and the US dollar’s weakness. European inflation gathered pace in August, although the acceleration was mainly because of higher oils. Disappointing US labor data on Friday pushed the euro higher, but the euro bulls were stopped by a report from Bloomberg, citing unnamed euro zone officials, that the ECB may not be ready to finalize their decision on next year’s QE program until December.

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