After three consecutive days of losses, EUR/USD finally managed to regain the smile and print a decent advance at the beginning of the week, revisiting the 1.1080 zone against the backdrop of a tepid bout of selling pressure in the US Dollar (USD).
EUR/USD set aside part of the recent weakness and revisited 1.1080. The Dollar traded in a vacillating mood amidst the Labor Day holiday. Uncertainty looms over a potential ECB rate cut in September. After three consecutive days of losses, EUR/USD finally managed to regain the smile and print a decent advance at the beginning of the week, revisiting the 1.1080 zone against the backdrop of a tepid bout of selling pressure in the US Dollar .
Some are concerned about a potential recession, while others remain focused on persistent inflation pressures. The crux of the discussion centres on how slowing economic growth and a possible recession could affect inflation—the ECB's main priority—as it aims to bring inflation down to 2% by the end of 2025.
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