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Jul 18 - 06:55 PM

EUR: ECB To Hike 25bp This Week But Some Risks For A 50bps; Chances Of Retesting Parity Remains High - ING

By eFXdata  —  Jul 18 - 02:15 PM

ING Research discusses its expectations around the ECB meeting on Thursday. 

"The ECB meeting on Thursday is the other major event to keep an eye on. We expect a 25bp rate hike, although there are some risks of a larger, 50bp, move," ING notes. 

"From an FX perspective, don’t expect fireworks from the euro, as previous hawkish surprises showed the ECB’s inability to lift the currency in the currently challenging risk and economic backdrop. The chances of parity being retested remain high, and we struggle to see a significant rebound in EUR/USD for the moment," ING adds. 

Source:
ING Research/Market Commentary

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