- Analytics
- News and Tools
- Market News
- ECB event risk proves a mild upside risk to EUR/USD – ING
ECB event risk proves a mild upside risk to EUR/USD – ING
The European Central Bank (ECB) announces its rate decision today. Economists at ING analyze how the policy announcement could impact the EUR/USD pair.
Outside risk to 1.0980/1.0990 should ECB pushback against easing expectations prove surprisingly effective
ECB President Christine Lagarde will try to avoid being drawn into any pre-commitment over a summer rate cut. In theory then, if she can avoid this and leave markets with a sense that the ECB is truly data-dependent, short-term Euro interest rates could nudge a little higher and support FX pairs like EUR/USD and EUR/CHF.
We would say that the ECB event risk proves a mild upside risk to EUR/USD – but the carpet could be pulled from under the Euro should President Lagarde somehow convey the message that the policy rate will be getting cut in the summer after all.
1.0850-1.0950 looks the EUR/USD range, with outside risk to 1.0980/1.0990 should the ECB pushback against easing expectations prove surprisingly effective.
© 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
