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- EUR/USD to move back to the lower half of the 1.17/1.18 range – ING
EUR/USD to move back to the lower half of the 1.17/1.18 range – ING
FXStreet reports that economists at ING discuss EUR/USD prospects.
“We doubt that the jump in EUR/USD on Friday to the 1.1800 level was the start of a more extended rally.”
“Not only do we continue to expect some pressure on the pair coming from a strong dollar in the short term, but the EUR also seems to be lacking strong bullish drivers: the ECB’s ultra-dovish stance is generating a stark policy divergence with the Fed, and any stabilisation in sentiment may see the EUR suffer from its funding character if interest for carry trades re-emerges.”
“We could see the EUR/USD moving back to the lower half of the 1.1700/1.1800 range.”
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