SocGen predicts that the EURUSD exchange rate, currently at 1.06895, is not likely to recover from its losses if the Federal Reserve continues to consider the possibility of raising rates in the fourth quarter.

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EURUSD Chart by TradingView

EUR/USD tumbled to a three-month low on Friday of 1.0632, erasing the previous low of May (1.0635). Economists at Société Générale analyze the pair’s outlook.

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