The EUR/USD is trading around the psychological 1.16000 level. The FOMC that came out today has policy makers assuring the markets that another rate hike is to come in September. The issue here is that of beyond September.
Is there going to be another hike after September? Looking at the internal political issues confronting the Trump admnistration and the Trade dispute with China , it looks unlikely that there will be another rate hike after
September.
Also Thursday, the macroeconomic calendar will finally have something to offer, with preliminary August Markit PMI for both economies, ECB's Minutes, and EU preliminary Consumer Confidence, among others.If these data points come out positive it could drive EUR/USD to 1.17000 level.
Is there going to be another hike after September? Looking at the internal political issues confronting the Trump admnistration and the Trade dispute with China , it looks unlikely that there will be another rate hike after
September.
Also Thursday, the macroeconomic calendar will finally have something to offer, with preliminary August Markit PMI for both economies, ECB's Minutes, and EU preliminary Consumer Confidence, among others.If these data points come out positive it could drive EUR/USD to 1.17000 level.