Forex
EUR/USD Eyes Another September Surge Amid Interest Rate Hikes
The EUR/USD currency pair has historically performed well in September, with an average return of +0.6% over the last 50+ years.
Despite this trend, August saw the pair buck its seasonal weakness and rise 0.7%, though it finished far off its intra-month highs.
The coming month is likely to see significant volatility due to potential interest rate hikes from both the European Central Bank (ECB) and the Federal Reserve (Fed), pending economic data releases.