EUR/USD remains soft below parity and there are still no signs of a significant low. Economists at ING expect the pair to remain under pressure for the rest of the year.

The dollar remains in the driving seat

“The energy crisis in Europe and the looming Eurozone recession means it is far too early to look for a sustainable EUR/USD turnaround this year.” 

“We think the dollar stays strong all year as restrictive policies slow economies and hit asset prices.”