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EUR/USD: Trading Plan & Forecasts - SEB

From efxnews.com

Last week's Fed decision showed members had become more uncertain on the outlook for the US economy and the chances of raising rates in September, notes SEB. "While our base scenario for the Fed remains a rate hike in September this has become less likely since the June rate decision and Yellen press conference," SEB argues. "Consequently, for a rate hike to occur in September and be followed by a second increase before the end of the year clear evidence is required of a broad-based recovery in growth," SEB adds. EUR/USD trading plan: "So far, the longer term outlook for the dollar remains intact. It seems the ... (full story)

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  • Category: Breaking News