EUR/USD supported by ECB September rate hike outlook – UOB
UOB strategists see the euro underpinned by hawkish ECB commentary, with a September rate increase still the more likely outcome according to policymaker Simkus.
EURUSD
EUR/USD slipped slightly to 1.1369 but held above key levels after ECB Governing Council member Gediminas Simkus signalled that a rate increase in September remains more probable than a cut.
UOB strategists view the hawkish lean as supportive for the euro, suggesting the policy path still points upward and keeps near-term risks tilted to the upside for the pair.
Source: FXStreet Forex News