Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
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.

Source:
ING Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!