- Analytics
- News and Tools
- Market News
- EUR/USD: Potential for a re-price higher of ECB rate hikes expectation to lend support to the euro – OCBC
EUR/USD: Potential for a re-price higher of ECB rate hikes expectation to lend support to the euro – OCBC
EUR/USD has been consolidating between 1.0643 and 1.0762 since 1 Jun, ahead of the Euopean Cental Bank (ECB) meeting on this Thursday. Risk is for the central bank to sound more hawkish, which could trigger a re-price higher of rate hikes expectations, lending support to the euro, economists at OCBC Bank report.
Upside potential
“A rate hike this week is not expected, but the ECB may provide further hints on the rate hike trajectory, alongside the refreshed staff projections matrix.”
“Potential for market to re-price higher rate hikes expectation may lend some support to the EUR.”
“Upside to the pair is at 1.0787 while support sits at 1.0627.”
© 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
