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- EUR/USD is likely to fall toward 1.12, ING analysts say
EUR/USD is likely to fall toward 1.12, ING analysts say
Currency markets continue to be driven by the strong dollar and U.S. trade policy, which means EUR/USD is likely to fall toward 1.12, ING analysts say. EUR/USD is flat at 1.1345, having reached on Tuesday a more-than-one-year low of 1.1317. EUR/USD recently broke out of its range between 1.16 and 1.18. ING analysts say "if Turkey is adding to euro under-performance, then we should look out for some potential key events such as" whether the U.S. pastor is released by Thursday and whether Turkish authorities will offer anything new in an investor call also Thursday. - via WSJ
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