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- EUR/USD to end the week closer to 1.0700 than 1.0800 – ING
EUR/USD to end the week closer to 1.0700 than 1.0800 – ING
Economists at ING discuss EUR/USD outlook ahead of Fed and ECB meetings.
ECB may struggle more to convey a hawkish message
We expect the combination of a hawkish hold by the Fed and a hawkish 25 bps hike by the ECB to leave EUR/USD trading closer to 1.0700 than 1.0800 as we expect the FOMC to offer reasons to stay attached to Dollar longs.
The ECB may struggle more to convey a hawkish message after inflation and growth data came in on the softer side.
See – FOMC Preview: Banks expect the Fed to take a break, but signal higher rates ahead
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