The EUR/USD is understandably lower due to the news about US tariffs, since it slightly reasses the US growth prospects and the risk premium associated with the US dollar (USD), says the FX analyst of ING, Chris Turner.
EUR/USD can begin to reconnect with the interest rate differential
“Are you winning the order -based order after all? A slight narrowing in the US risk premium 1.06. “
“We believe that global asset managers had a shock in April and are seriously looking at their dollar coverage ratios. But the news flow is slightly favorable for the dollar and there is a scenario where the EUR/USD can return to the area of ​​1,1050, consisting of our basic prospects for this year that the EUR/USD draws a range of 1.10-15.
“The euro zone calendar is very light today, but we have a new date to score: June 25, when Germany could reveal a new economic package and add weight to the upward history of the fiscally expansive euro.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
