The EUR/USD ended last month with its longest monthly increase since 2013

The euro ended its longest monthly appreciation against the dollar since January 2013, following expectations of rising interest rates in the United States and political uncertainty in Europe.
Market expectations for another US interest rate hike by the end of this year are on the rise, following Janet Yelan's latest comments.
In addition, President Trump's plans for tax cuts seem closer to realization, which causes market players to bet on a strong dollar.
Finally, but not least, the political situation in Germany, as a result of the unconvincing victory of Angela Merkel, can not be ignored.
According to a number of market observers, however, despite all that has been said so far, the prospects for the euro against the dollar are generally positive.
The reason - the expectations Draghi to signal the end of the stimulus program in the euro area at the next ECB meeting in October.
The average expectations of Toronto Dominion Bank analysts are that the euro will end the year at 1.26 dollars.