EUR: Back to 1.15 – ING

Source Fxstreet

EUR/USD is back above 1.150 as markets priced out a certain degree of geopolitical risk off the pair, ING's FX analyst Francesco Pesole notes.

Developments remain very marginal for EUR/USD

"The situation in the Middle East remains too volatile to make a strong directional call on the pair, but the overarching risk of the US joining the conflict could keep it from aggressively retesting 1.160 in the next few days."

"Eurozone developments remain very marginal for EUR/USD at this stage, with the macro calendar incidentally offering very little input. The EUR/USD two-year swap rate spread has incidentally been quite stable around 165-170bp since the European Central Bank meeting."

"Elsewhere in Europe, markets were taken completely by surprise by Norges Bank’s 25bp rate cut yesterday. We argued last week that the conditions for a cut were ideal, and that holding again was a risky move. However, we had doubts that the central bank would completely wrongfoot market expectations and consensus. We now expect two more cuts by Norges Bank, which does not necessarily prevent further EUR/NOK gradual depreciation."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Dow Jones futures dive on concerns about higher trade tariffsDow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
Author  FXStreet
Yesterday 09: 49
Dow Jones Index Futures anticipate a negative opening on Friday after Thursday’s positive session.
placeholder
Gold price approaches weekly high as tariff jitters boost safe-haven demandGold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
Author  FXStreet
Yesterday 06: 43
Gold price (XAU/USD) is gaining positive traction for the third consecutive day on Friday and approaching the top end of its weekly range amid rising trade tensions.
placeholder
Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
Author  NewsBTC
Yesterday 06: 41
Dogecoin started a fresh increase above the $0.180 zone against the US Dollar.
placeholder
EUR/GBP holds positive ground above 0.8600 as UK economy shrinks again in MayThe EUR/GBP cross trades in positive territory near 0.8615 during the early European session on Friday.
Author  FXStreet
Yesterday 06: 39
The EUR/GBP cross trades in positive territory near 0.8615 during the early European session on Friday.
placeholder
Trump announced a 35% tariff on Canadian goodsTrump announced a 35% tariff on Canadian goods, effective August 1, 2025.
Author  Cryptopolitan
Yesterday 06: 38
Trump announced a 35% tariff on Canadian goods, effective August 1, 2025.
Related Instrument
goTop
quote