At this week’s ECB meeting, the central bank is expected to stay cautious about cutting interest rates, just like last time. However, if concerns grow that tariffs are hurting the economy, the possibility of a rate cut may appear, which could lead to euro selling.
On September 8, the French parliament will hold a confidence vote for Prime Minister Attal’s cabinet. This could increase worries about France’s worsening finances.
Last week, weak U.S. jobs data lowered long-term U.S. interest rates, which supported the euro. But if this week’s U.S. CPI shows stronger inflation, investors may sell euros again, reversing the recent buying.
Overall, the euro is expected to face heavy resistance and may struggle to rise this week.
This week’s EUR/USD expected range: 1.1530 – 1.1790 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.