EUR/USD could see a 1.0800-1.0900 range develop over the next few days – ING
EUR/USD has edged below the 1.0850 mark after having traded close to 1.09. Economists at ING analyze the pair’s outlook.
EUR/USD to stay steady into year-end
We could see a 1.0800-1.0900 range develop over the next few days and certainly, a move back under the 1.0765 area would undo all of this week's positive developments.
In terms of the bigger picture, we doubt EUR/USD will lead next year's Dollar bear trend. And we favour benchmark cross rates, such as EUR/AUD to come lower. Before that, however, we currently forecast EUR/USD staying quite steady – not far from current levels – into year-end.
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