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Aug 16 - 02:55 PM

EUR/USD: A Slightly Stronger USD Over The Next 24 Hours Could Easily See EUR/USD Retesting Parity - ING

By eFXdata  —  Aug 16 - 01:30 PM

ING Research discusses EUR/USD outlook and sees a scope for resting parity this week.

"Germany continues to suffer both with low water levels on the Rhine and now a gas levy for German consumers. The gas levy could keep German inflation higher for longer and cause more headaches for the European Central Bank (ECB)," ING notes. 

"The trade-weighted euro is a whisker away from the lows of the year and a slightly stronger dollar over the next 48 hours could easily see EUR/USD retesting parity. 1.0200 should now prove short-term resistance," ING adds.

ING Research/Market Commentary


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