The EUR/USD has softened a little before today’s rate event, but the price action suggests a strong purchase interest below 1,080, in another sign that the markets are not ready to bite a negative narrative of the euro driven by rates, the FX analysts of ING, Francesco Pesole.
The carpet rate can suggest a decline of the EUR/USD
“The argument we have been presenting is that the euro should incorporate more downward risks due relatively safe status of the euro compared to other high beta currencies. “
“Outside the reaction today, which could well be negative for the EUR, things will be more nuanced. The ECB could surprise with a hard line approach in two weeks, and the continuous rotation of US assets to Europeans could also continue to feed the demand for the EUR. Surprise with a more aggressive fee ad. “
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.
