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Sep 21 - 06:55 PM
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ING: We Now Expect the Fed and ECB to Hike Rates in December; EUR/USD Towards 1.16
By eFXdata — Sep 21 - 04:00 PM
ING Research updates its Fed and ECB rate call.
"We now expect both the ECB and the Fed to hike rates in December. We're keeping our EUR/USD profile unchanged, still targeting 1.160 for year-end," ING notes.
"We expect oil to dominate as an FX driver this week, with President Trump expected to meet Gulf state members and President Xi Jinping. USD/JPY risks remain on the upside," ING adds.
Source:
ING Research/Market Commentary