Created
: 2025.09.16
2025.09.16 19:35
EUR/USD is firming toward its July high as resilient Eurozone data and a steady ECB policy stance underpin the uptrend, while relative Fed dovishness continues to favor the euro, BBH FX analysts report, BBH FX analysts report.
"EUR/USD is up and eyeing a test of its July high at 1.1829. The ECB remains in a good place to keep rates on hold. Eurozone labor costs rose to 3.6% y/y in Q2 vs. 3.4% in Q1. However, the ECB negotiated wage tracker points to labor costs growth slowing further in line with the ECB's 2% inflation target."
"In parallel, the German ZEW investor economic sentiment index unexpectedly improved to 37.3 in September (consensus: 25.0) vs. 34.7 in August, consistent with resilient economic activity. Bottom line: ECB/Fed policy stance continues to underpin the uptrend in EUR/USD."
Created
: 2025.09.16
Last updated
: 2025.09.16
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