EUR/USD looks as though it can drift up to the 1.0980/1.1000 region – ING
|
EUR/USD has risen above 1.0900. Economists at ING analyze the pair’s outlook.
European equities enjoy prospects of a lower trajectory for global policy rates
EUR/USD has been lifted by the weaker Dollar, though looks unlikely to outperform. Typically the bullish steepening of the US curve sees EUR/AUD come lower. This has been the case – although helped by some exceptionally strong Australian employment data.
EUR/USD looks as though it can drift up to the 1.0980/1.1000 region as European equities also enjoy prospects of a lower trajectory for global policy rates.
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.