EUR/USD: 1.0500 to be retested soon – ING

Market news

29 September 2023

EUR/USD: 1.0500 to be retested soon – ING

EUR/USD gathered recovery momentum and registered gains on Thursday before continuing to stretch higher toward 1.0600 on Friday. Economists at ING analyze the pair’s outlook.

Downside risks to EUR/USD today

A rebound in the Dollar, lingering concerns on Italian bonds (even if with a smaller intensity than in previous instances) and a decline in core inflation point to downside risks to EUR/USD today.

We expect the 1.0500 mark to be retested soon.

See: EUR/USD to move to 1.02 on a three-month view – Rabobank

USD Index extends the correction below 106.00, looks at PCE data, shutdown

EUR/GBP trades with modest losses near mid-0.8600s ahead of ECB’s Lagarde, Eurozone CPI

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