EUR/USD to struggle to surpass the 1.1100/1120 area – ING EURUSD ECB Banks
“After the Fed's success with a hawkish message and some suggestion from sourced reports that thewas unhappy with EUR/USD sub 1.10, ECB speakers may be happy to support expectations that the deposit rate is raised 35-50bp by the end of the year.”
“We are not in the camp looking for an immediate snap back to pre-war 1.13-1.15 levels and prefer a move back to 1.08 this summer.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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