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Oct 12 - 02:55 PM

EUR/USD: Bullish USD Breakout Can Target 1.13 In EUR/USD In A Couple Of Months - ING

By eFXdata  —  Oct 12 - 01:30 PM

ING Research sees a s cope for EUR/USD to drop towards 1.13 before year-end.

"Wide EUR vs USD rate differentials will encourage reverse yankee issuance this autumn, which may further depress EUR/USD," ING notes. 

"We think a bullish dollar break out can potentially drag EUR/USD to 1.13 over the coming couple of months. 1.1600/1640 may be the top for any corrective rally," ING adds. 

ING Research/Market Commentary


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