Eurozone Harmonized Index of Consumer Prices (MoM) registered at 0.1%, below expectations (0.2%) in August

There are no major data releases in the eurozone today, and EUR/USD should trade in tight ranges until the FOMC announcement this evening, ECB to cut rates if Fed delivers 50bp today “The transmission channels from the Fed cut to EUR/USD are the USD short-term rate impact first, and the equity reaction second.