EUR/USD Forecast: Acceleration to the downside or modest correction

The US Dollar remains strong in the market, supported by positive US data and cautious market sentiment.

On Wednesday, Eurostat will release the Producer Price Index and Retail Sales for August. Also due are final HICP PMIs, which are expected to show no change. Market participants continue to anticipate that the European Central Bank has reached its terminal rate.The Euro managed to recover from its losses after reaching a fresh multi-month low below 1.0450.

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Source: News Formal (newsformal.com)

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