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Thomson Reuters
May 30 - 09:48 AM
EUR/USD About 3% Risk-Premium In EUR; A Degree Of Caution Warranted Here - ING
First appeared on eFXplus on May 29 - 04:00 PM

ING Research discusses EUR/USD outlook and notes that the veil of political uncertainty in Italy is likely to remain, capping any material EUR upside and weighing on the currency.

That said, ING nots that EUR/USD now trades with a rather significant risk premium (worth 3.0% based on ING short-term financial fair value model, which is well outside its 1.5 standard deviation band).

"This suggests a degree of cushion against any pronounced EUR/USD decline," ING warns. 

Source:
ING Research/Market Commentary

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