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- EUR/USD looks likely to keep trading range-bound – ING
EUR/USD looks likely to keep trading range-bound – ING
Economists at ING expect the EUR/USD pair to trade between 1.09 and 1.11.
Range-bound for now
Despite the benign US disinflation story, it is no surprise that markets are not flooding long EUR/USD positions. That has been an already relatively crowded trade, and the recent re-pricing of growth expectations of both growth and rate expectations in the Eurozone is weighing on the Euro’s attractiveness.
EUR/USD looks likely to keep trading range-bound (1.09-1.11) until signs of a US economic slowdown move the rate differentials back in the Euro’s favour.
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