The market has started to show uncertainty about the ECB's monetary policy direction, as well as data adjustments in the Eurozone leading to selling of the Euro. Additionally, attention is being paid to the Producer Price Index (PPI) data to gauge the future direction of the United States.

The European Central Bank (ECB) is beginning to indicate a shift in its policy stance. In an interview on August 31st, Phillip Lane, Chief Economist of the ECB, expressed that the softer inflation in August is a positive development. However, policymakers cited the need to wait for more data before making decisions on policy adjustments.

Christine Lagarde, President of the ECB, emphasized on Monday the necessity for the central bank to maintain stable inflation expectations. Similarly, Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB Governing Council, has thoughts on supporting the stability of the Euro. Meanwhile, the US dollar continues to offer a strong yield.

It's noteworthy that investor confidence in the Eurozone, as reflected in the Sentix investor confidence index, and the expectations index have declined in September. The current sentiment index has dropped to its lowest level since November 2022, contributing to the growing uncertainty surrounding the Euro.