- Analytics
- News and Tools
- Market News
- EURUSD can still make a run towards 0.95, USDJPY can still retest 150 – ING
EURUSD can still make a run towards 0.95, USDJPY can still retest 150 – ING
The US Dollar is higher after the Fed raised rates by 75 basis points again. Economists at ING believe that the EURUSD pair is set to challenge the 0.95 level.
Fed policy to prove a bullish undercurrent to the dollar
“Expectations of the policy rate being taken to 5% into early next year, inverting the yield curve still further, is a dollar positive.”
“We think the balance of risks still favour a stronger dollar, particularly against European currencies where we see growth substantially below consensus over coming quarters.”
“EURUSD can still make a run towards 0.95 over coming months and USDJPY can still retest 150.”
“Where interest in the carry trade could emerge is in Latin America. Here the risk-adjusted implied yields of the Mexican peso are 50% above those for the Brazilian real and USDMXN could retest the year's lows at 19.42 should any key US data disappoint.”
© 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
