EUR/USD to end the week near 1.0800 – ING

Market news

5 March 2024

EUR/USD to end the week near 1.0800 – ING

EUR/USD remains supported above 1.0800. Economists at ING analyze the pair’s outlook.

Downside risks into Thursday

We do fear that EUR/USD has a little downside later this week on Thursday's European Central Bank risk.

We see risks of a weaker Euro as the ECB lays out the conditionality of a June rate cut. Combined with Fed speeches this week, our bias is that EUR/USD ends the week near 1.0800.

The Eurozone data calendar is light today, and we doubt the January PPI release is a market mover.

USD/MXN halts its losing streak as US Dollar improves, edges higher to 17.00

France Industrial Output (MoM) came in at -1.1%, below expectations (-0.1%) in January

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