EUR/USD looks likely to test 1.0800 in the coming days – ING
Source Fxstreet
EUR/USD remained stable in the mid 1.0800-1.0900 range but it has come under pressure early Wednesday. Economists at ING analyze the pair’s outlook.
1.0800 test in sight
EUR/USD continues to follow the Dollar dynamics without showing any material impact from eurozone-specific drivers. The pair looks likely to test 1.0800 in the coming days.
The EUR-USD 2-year swap rate differential seems to have found a bottom recently but remains significantly wide in negative territory (130bp) and would be consistent with a softer EUR/USD if it wasn’t for the supportive equity environment of recent months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The conflict in the Middle East escalated further over the weekend. Optimistic signals released by Trump were refuted by the Iranian side. According to Reuters, the U.S. military seized a
Over the weekend, the U.S. and Iran engaged in a new round of maneuvering over the situation in the Middle East, leading to a rapid escalation in geopolitical risks. As a result, internat
Gold price (XAU/USD) slumps to around $4,775 during the early Asian session on Monday. Traders digest renewed tensions between the United States (US) and Iran over the critical Strait of Hormuz.
Here is what you need to know on Friday, April 17:
WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire.
Related Instrument
