EUR/USD: An imminent turnaround looks unlikely – ING

Market news

22 September 2023

EUR/USD: An imminent turnaround looks unlikely – ING

EUR/USD remains under pressure as Dollar strength dominates. Economists at ING analyze the pair’s outlook.

More pain from the PMIs?

The Euro faces an event risk from today's releases of the flash PMIs for September. It really has been the PMI releases that have hit the Euro since the summer.

For EUR/USD, an imminent turnaround looks unlikely and support at 1.0600/0610 looks the last barrier before what seems the more likely dip to the 1.05 area.

See: EUR/USD is heading for a look at parity – SocGen

BoJ’s Ueda: Could consider policy change when achievement of 2% inflation is in sight

Spain Gross Domestic Product (QoQ) came in at 0.5%, above expectations (0.4%) in 2Q

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.