Forex
EUR/USD Teeters at 1.1550 Amid US Data and Fed Signals
The EUR/USD pair is trading near a crucial level of 1.1550 during the European session on Wednesday, with the Euro gaining 0.15% against the US Dollar.
The US Dollar is facing selling pressure ahead of a busy North American session, which includes key US data releases and Fed speakers providing policy signals.
Analysts at Danske Bank note that attention today will center on potential SOH deal announcements alongside key US data releases, including July private sector employment from ADP and the July reading of the ISM Services index.
The ECB's interest rate expectations are also in focus, with analysts at Deutsche Bank saying ECB September hike pricing is around 90%.