- Analytics
- News and Tools
- Market News
- A lack of hawkishness in the ECB’s commentary could leave the EUR on the back foot – Rabobank
A lack of hawkishness in the ECB’s commentary could leave the EUR on the back foot – Rabobank
The most important aspect of today’s ECB policy meeting is any guidance on what happens next. Economists at Rabobank analyze EUR outlook.
Risks for EUR/GBP seen as being well balanced
It is our house view that ECB rates could reach their peak today, though we acknowledge that the risk of one more hike is finely balanced.
The market is positioned long of the EUR, meaning that a lack of hawkishness in the ECB’s commentary today could leave the EUR on the back foot.
On the assumption that ECB rates are close to peaking, we see EUR/USD trading down to the EUR/USD 1.08 area on a three-month view. We see the risks for EUR/GBP as being well balanced.
See – ECB Preview: Forecasts from 12 major banks, the final 25 bps?
© 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
