The EUR/USD pair breaks above the 1.08 level. The ING Economists expect the pair to rally towards the 1.10 level.
Schnabel maintains the hard-line tone
“Elizabeth Schnabel reinforced his profile yesterday as one of the toughest members of the Governing Council of the ECB, by stating that wanted the ECB’s March statement to include a reference to the possibility of further hikes. His comments probably helped boost market rate expectations in the eurozone a bit more.”
“We believe that the EUR/USD may maintain some bullish momentum thanks to hawkish ECB rhetoric and to the calmer nerves of investors about the situation of European banks.”
“Our opinion remains that 1.10 can be reached quite soon, although bumps are very likely along the way.”
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.
