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Mar 14 - 12:55 AM

EUR/USD: ECB To Hike 50bps On Thurs; EUR/USD In 1.07-1.08 Range N-Term - ING

By eFXdata  —  Mar 13 - 04:30 PM

ING Research expects the ECB to raise rates by 50bos at its March meeting on Thursday.

"The dramatic re-pricing of the Fed policy curve has seen two-year EUR: USD swap rate differentials narrow inside 100bp - the narrowest since October 2021. This is EUR/USD positive. Unless there is a massive rally in US banking stocks, we would say EUR/USD is biased to the 1.0780/1.0800 area," ING notes.

"On Thursday this week, the European Central Bank policy meeting will be challenging. Presumably, it will have to push ahead with a 50bp hike for fear of adding even more volatility to the markets," ING adds.

ING Research/Market Commentary


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