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- EUR/USD to await the spark from German elections at the top of the 1.17-1.20 range - ING
EUR/USD to await the spark from German elections at the top of the 1.17-1.20 range - ING
FXStreet reports that economists at ING think that EUR/USD will be largely rangebound into year-end. The question remains whether the German elections will provide a spark.
“1.17-1.20 may be the EUR/USD range into year-end, with the pair ending towards the top of the range given seasonal dollar weakness.”
“We would expect a broader dollar rally to emerge through 1H2022 as the market grows increasingly confident of the first Fed tightening later in the year.”
“The FX options market prices 30% more volatility than normal around the German election on 26 September. But the French presidential election next April is seen as a much bigger deal for FX markets.”
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