EUR/USD Faces Key Week as ECB Meeting Looms

The EUR/USD exchange rate is expected to be influenced by the upcoming European Central Bank (ECB) meeting on September 10, where a 25-basis-point increase in the deposit rate to 2.50% is already fully priced in.

A strong US jobs report released earlier this week showed that nonfarm payrolls rose by 162,000 in August, exceeding market forecasts of around 56,000.

This has strengthened expectations of tighter Federal Reserve policy and supported the dollar, leading to a narrow range for EUR/USD at around 1.1627.