Forex Forecast September 2020 | EUR USD JPY GBP Analysis
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With the recent small bounce of the dollar, forex traders witnessed the greenback’s first back-to-back gains all the way since June. The European Central Bank voiced concerns that the dollar would rise, which triggered a shift in the forex euro/dollar dynamic. Namely, euro forex investors started selling as the dollar rose nearly 1.3%.
Similarly, the pound to euro exchange rate jumped as the GBP reached its 3-month high just yesterday. However, analysts don’t expect this trend to last and it’s likely the forex September forecast for now at least entails further declines for the greenback, as well as for the pound.
In contrast, JPY forex investors watched the yen slip back to the levels of before the Prime Minister’s resignation.
Watch the full video for a deeper look into the forex September forecast. And stay tuned for our best forex strategy to navigate the market during these uncertain times!
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