- Analytics
- News and Tools
- Market News
- EUR/USD may enjoy a solid floor around 1.1200 into the ECB meeting – ING
EUR/USD may enjoy a solid floor around 1.1200 into the ECB meeting – ING
EUR/USD gained more than a cent since Friday’s new lows in the 1.1120 region. 1.1200 could be a floor into the European Central Bank (ECB) meeting on Thursday, in the view of economists at ING.
Higher yields in the eurzone may continue to offer a floor to the euro
“Higher yields in the region may continue to offer a floor to the euro heading into the ECB meeting on Thursday. That, however, also raises the bar for a hawkish surprise (and the downside risks for the euro) ahead of the announcement; we continue to see a high probability that President Lagarde will stir well away from signalling a rate hike in 2022.”
“EUR/USD may enjoy a solid floor around 1.1200 before Thursday, even if the dollar starts recovering.”
© 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
