EUR/USD to climb back higher toward 1.0700-1.0750 before the weekend – ING EURUSD Banks Fed Germany RiskAversion
“We think that, at this stage, support around 1.0640-1.0660 is enough of an encouraging sign for EUR/USD given the strength of the Dollar against other pro-cyclical currencies.”
“A hawkish surprise in the FOMC minutes and/or more geopolitical risk being priced in would likely put the 1.0600 support at risk. But unless those two risks materialise, a good Ifo reading in Germany today and stabilisation in sentiment may actually start to favour a move back to 1.0700-1.0750 before the weekend.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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