Let’s have a look at the events that will affect market moves.
EUR/USD: forecast for September 11-15
Despite the fact that the European Central Bank President Mario Draghi referred several times to the euro’s strength, that didn’t stop buyers of the euro. According to him, strong euro was the main reason for a cut in the bank’s new 2018-19 inflation forecasts. In addition, Draghi let the market know that reduction of the ECB’s massive stimulus program was likely to be slow. Yes, traders thought that Draghi wasn’t trying too hard to talk the euro down. In particular, he didn’t hint at potential currency interventions. This gives green light to the EUR bulls.