- EUR/USD could dip back towards the 1.1050 area on the Fed event risk – ING
Market news
21 July 2023
EUR/USD could dip back towards the 1.1050 area on the Fed event risk – ING
Economists at ING analyze EUR/USD outlook ahead of the Fed meeting.
Dollar could get a lift from hawkish Fed script
With the market positioning itself for a cyclical Dollar sell-off over coming months and quarters, we suspect another reading of the hawkish Fed script could send the Dollar a little higher.
Clearly, fireworks are not expected, but EUR/USD could dip back towards the 1.1050 area on the Fed event risk.
See: EUR/USD to see break above 1.1275 for strength to 1.1495 and eventually 1.1703/48 – Credit Suisse
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