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Jan 23 - 06:55 PM

EUR/USD: Investors Likely Reluctant To Chase EUR/USD Higher Ahead Of Next Week's C-Banks Meetings - ING

By eFXdata  —  Jan 23 - 03:00 PM

ING Research discusses EUR/USD outlook ahead of next week's Fed and ECB meetings.

"Judging by the levels of the two-year EUR swap (3.19%) European Central Bank  speakers have been successful in pushing back against last Tuesday's Bloomberg News story that the ECB wanted to slow the pace of its hikes after February. This story had sent this swap rate down to 3.05%, softening EUR/USD with it. Both of those trends have now been reversed," ING notes. 

"However, we suspect investors may be reluctant to chase EUR/USD through resistance at 1.0950/1000 ahead of next week's central bank event risks," ING adds. 

Source:
ING Research/Market Commentary

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