ECB may give markets more than they expect in September
The EURUSD bears continued their attack as the US retail sales in July rose by 0.7% MoM, the Fed’s main dove, James Bullard is confident in the strength of the US economy amid the trade wars and investors are discussing the ECB massive monetary stimulus. Major currency pair dropped to the figure 11 bottom even though investors have fully priced in another quarter point reduction at the FOMC September meeting.
We now witness quite a unique situation. The US economic data are strong, economic surprise index is rising, the Fed’s doves…
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