EUR/USD has broken above 1.10. The pair could reach 1.12/15, according to economists at TD Securities.

Lagarde could pound the table with hawkish rhetoric

“A stronger reading in EU core CPI will give pretext for Lagarde to pound the table with hawkish rhetoric, but whether STIR markets will react accordingly remains another given how much is already priced in until mid-year. As such, we may see this impact further out the curve.”

“With the economy faring better than feared and China re-opening still underway, EUR/USD could find itself at 1.12/15 in short order.”