- EUR/USD: A weakening in US data remains the key to unlocking major upside room – ING
Market news
18 tháng 10 2023
EUR/USD: A weakening in US data remains the key to unlocking major upside room – ING
Economists at ING analyze EUR/USD outlook.
Strong – and growing – USD rate advantage
We still deem a sustainable EUR/USD rally premature, given the strong (and growing) USD rate advantage. Improvements in the Eurozone growth narrative would help, but a weakening in US data remains the key to unlocking major upside room for the pair.
The volatile situation in the Middle East remains a big question mark on the direction of the pair in the short term.
See – EUR/USD: The risks should continue to point downwards – Commerzbank
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page