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Back Fundamental analysis
EUR/USD Overview. September 16. The Dollar Strengthened Well Ahead of the Fed Meeting
The EUR/USD currency pair unexpectedly plunged
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The EUR/USD currency pair unexpectedly plunged about 60 pips on Monday before the start of the U.S. session, but by Tuesday, market movements had calmed, and the U.S. dollar had effectively completed its three-day rally. Recall that last week there were no solid reasons for the dollar's rise. The European Central Bank meeting was fully "hawkish," as expected, and should have prompted euro strength. If the market priced in the rate hikes in the euro area (even though the euro
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