EUR/USD falters around 1.0800. The ING Economists they expect the pair to consolidate and continue rising at the end of the week.
EUR/USD could trade around 1.0850/1.0900
“ECB President Christine Lagard will speak in Davos today, and chances are high he will reiterate the ECB’s hawkish stance despite falling energy prices.
“Moderate speculation should be further challenged by the publication of ECB meeting minutes December 2022, since details of dissent to a “too conservative” 50 basis point hike should emerge, as well as orientation to “multiple” 50 basis point hikes.”
“We hope to see some consolidation and more rises in the EUR/USD later in the week, when the pair could trade around 1.0850/1.0900.”
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.
