EUR/USD may soon test 1.0600 – ING EURUSD ECB Inflation Banks
is back below 1.0700 after a very short-lived rebound. Economists at ING believe that the pair could challenge the 1.06 level.“One issue that the euro is facing at the moment is that markets are fully pricing in two more ECB rate hikes by September, and it would probably take a rather substantial upward surprise in inflation figures to push hawkish expectations beyond that point.”
“If anything, risks appear skewed towards some dovish repricing – and a negative Euro impact – today should France and Germany follow Spain in showing a faster-than-expected slowdown in inflation.”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 to buy or sell in these assets.
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