EUR/USD Seeks Third Straight Monthly Gain in September

September is shaping up to be an interesting month for currency traders, especially when it comes to the EUR/USD pair. Historically, September has been the second-strongest month for EUR/USD performance, with an average return of +0.6% over the last 50+ years.

Last month, EUR/USD bucked its seasonal weakness to rise 0.7%, but it finished well off its intra-month highs. With potential interest rate hikes from both the ECB and Fed pending NFP and CPI data, the pair is likely to see significant volatility in September.