EUR/USD Seeks Fourth Consecutive Gain as Interest Rate Hikes Loom

The EUR/USD currency pair has been experiencing gains for three months in a row. Historically, September has been the second-strongest month for its performance, with an average return of +0.6% over the last 50+ years.

This trend is expected to continue due to potential interest rate hikes from both the ECB and the Federal Reserve, pending data releases. The pair's volatility in September will likely be significant.

The British Pound (GBP/USD) has seen relatively weak monthly performance in September, with average returns of around -0.4% since 1971. Last month, the pound gained ground against the greenback, but this month's expectations for a Bank of England meeting are more muted.