EUR/USD has dipped sub 1.10 on the US rates move and could fall further. Economists at ING see the pair tackling the recent 1.08 low in the next few days. ECB speakers today

“Amongst the ECB speakers today, we have President Christine Lagarde and Chief Economist Philip Lane. Let’s see if arch-dove Lane has anything to say about the current levels of EUR/USD. In reality, tighter monetary policy (not FX intervention) is the only credible tool available to the ECB to fight euro weakness. Let’s see if they are prepared to use it.”

“Given the momentum behind the move in US interest rates, we could easily see EUR/USD pressing the recent 1.08 low over coming sessions.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation […]

Click here to view original article at www.fxstreet.com

Invest In Yourself And Get Premium Analysis

Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?

Get notifications on new forecasts and articles.

EUR/USD to press the recent 1.08 low over coming sessions – ING

Trending Forex Articles