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- EUR/USD could slide to 0.95 on a 50 bps widening in spreads – ING
EUR/USD could slide to 0.95 on a 50 bps widening in spreads – ING
How low can EUR/USD go? Short-term rate spreads continue to move against EUR/USD as does the risk environment. The pair could fall as low as 0.95, according to economists at ING.
Don’t look for a substantial turn higher in EUR/USD this summer
“A 10% fall in equities and a 25 bps widening in spreads this summer would put EUR/USD somewhere near 0.98.”
“A 50 bps widening in spreads, were the Fed to move more aggressively or ECB hawks to soften, would be worth 0.95.”
“Don’t look for a substantial turn higher in EUR/USD this summer, since it seems far too early for Fed hawks to back down.”
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