ING economists analyze the EUR/USD outlook.
USD move will drive most EUR/USD moves this week
Given that ECB members had the opportunity to clarify their rhetoric at last week’s Sintra symposium, this week’s speakers may not have a very strong impact on the Euroalthough markets will be interested in comments after the June inflation report.
USD move seems likely to drive most of EUR/USD moves this weekespecially once the US data starts to be released.
There is some room for the pair to pull back modestly due to the strength of the Dollar.although a big drop below 1.0800 could be premature.
Source: Fx Street
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