EUR/USD TO TEST THE LOWER END OF THE 1.0800-1.0875 RANGE AHEAD OF THE FOMC – ING
EUR/USD got a lift off the 1.0800 area on Tuesday. Economists at ING analyze the pair’s outlook.
Soft January CPI releases from Germany and France could fan fears of an April ECB rate cut
Today’s key releases are the French and German CPI reports for January. We think these will come in lower on base effects and keep the door open for an April ECB rate cut. That is not our house view, but does mean that EUR/USD should end the week heading into Friday’s US jobs data on the soft side.
Our baseline view favours EUR/USD testing the lower end of the 1.0800-1.0875 range ahead of the FOMC
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.