BTMU waiting moderate growth of EUR/USD, but not more than 1.15

Until the meeting of the FOMC on September 21 is less than two weeks and the only thing that can improve the current low expectations for a rise in US interest rates, is the publication of strong data from the US, according to analysts.
Among the important statistics that will come out next week, the most significant is data on retail sales that will come out on Thursday and CPI on Friday.

Today are expected the speaches the heads of the Federal Reserve Bank of Boston - Rosengren and Dallas - Kaplan. As Rosengren is voting member of the FOMC, his speech seems to analysts more important.

The change of rhetoric of Rosengren to more decisive can significantly affect market expectations, say analysts. His last speech was on 31 August and then he made some interesting comments, that expressed concern, that the too long period of very low interest rates may affect the market.

Currently, analysts do not see any prerequisites for changing the current situation on the currency market and are waiting for the growth of EUR/USD, which however will be limited to the level of 1.15 dollars, they predict.