By Dmitriy Gurkovskiy, Chief Analyst at RoboForex
Early in another week of September, EUR/USD is significantly falling and trading at 1.1790.
The major currency pair started moving downwards after negotiations between American and Chinese Presidents. It was their first conversation in seven months. The key topics discussed were economics and mutual interests, including the areas where the parties are still far away from consensus.
Additional support the “greenback” got from the statistics on the Producer Price Index, which improved pretty much in August. As a result, American inflation is likely to remain quite high but the logistic structure for producers may remain as tough as before because of the pandemic effect.
Disclaimer
Any forecasts contained herein are based on the author's particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
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