- Analytics
- News and Tools
- Market News
- EUR/USD to sink towards 1.08 by the end of 2Q22 – ING
EUR/USD to sink towards 1.08 by the end of 2Q22 – ING
EUR/USD is now not far from its late November lows of 1.1185. Economists at ING forecast the world’s most popular currency pair at 1.08 by the end of the second quarter.
Euro to bear the brunt of tension in Ukraine
“So far the ECB is firmly sticking to the script that the bump in inflation will not hurry them into hiking. Until something substantially changes here, expect EUR/USD to stay under pressure.”
“We retain a 1.10 target for the end of 1Q22 and a 1.08 target for the end of 2Q22.”
“In addition, one would expect European currencies to bear the brunt of tension in Ukraine. The prospect of disruption to energy supplies or at least a further surge in prices will hurt European industry and the consumer – and favour the geography and energy independence of the dollar.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
