EUR/USD can trade above 1.10 during the holiday period – ING

Market news

19 December 2023

EUR/USD can trade above 1.10 during the holiday period – ING

EUR/USD trades water in the low 1.09 area. Economists at ING analyze the pair’s outlook.

Rate differentials are still too depressed to argue for a sustainable rally above 1.10 just yet

Data remains the missing link for a more material repricing in ECB rate expectations, and another miss by the IFO on Monday in Germany suggests we are not at peak pessimism yet on the eurozone economic outlook.

EUR/USD can trade above 1.10 during the holiday period as the Dollar enters a seasonally soft period, but rate differentials are still too depressed to argue for a sustainable rally above 1.10 just yet.

USD/CAD moves below 1.3400 despite a stable US Dollar, Canada CPI, US housing data eyed

EUR/HUF: The risk premium on the Forint will stay elevated – Commerzbank

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