EUR/USD can fall as low as 1.0830/1.0845 – ING

Market news

14 August 2023

EUR/USD can fall as low as 1.0830/1.0845 – ING

EUR/USD softens. Economists at ING analyze the pair’s outlook.

Equity markets will not be helping

Unless there is some surprise turnaround in the Chinese story, it looks as though EUR/USD can break below support at 1.0925/1.0930 – potentially as low as 1.0830/1.0845.

Equity markets will not be helping here, where futures markets call both Europe and US indices lower as investors want to learn more about the financial sector in China.

See: EUR/USD seen trading back down at 1.07 on a three-month view – Nordea

AUD/USD bounces off YTD low, keeps the red below 0.6500 on bullish USD/weaker risk tone

Asian Stock Market: Edges lower, Chinese equities lead losses amid the fear of hawkish Fed, China woes

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