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- EUR/USD to end the week near 1.0800 – ING
EUR/USD to end the week near 1.0800 – ING
EUR/USD remains supported above 1.0800. Economists at ING analyze the pair’s outlook.
Downside risks into Thursday
We do fear that EUR/USD has a little downside later this week on Thursday's European Central Bank risk.
We see risks of a weaker Euro as the ECB lays out the conditionality of a June rate cut. Combined with Fed speeches this week, our bias is that EUR/USD ends the week near 1.0800.
The Eurozone data calendar is light today, and we doubt the January PPI release is a market mover.
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