The Dollar will once again boost the EUR/USD. As reported by ING economists, the pair could break above the 1.1000 level, but would find it difficult to move further.
A below consensus ISM services PMI could trigger a break above 1.1000.
“A below consensus ISM services PMI figure could trigger a break above 1.1000although sustainability above that level in the coming weeks would have to be verified with the confidence of the markets to undo defensive positions in dollars at a time when the new financial turmoil and the tightening of liquidity continue to be not insignificant risks. “
“On behalf of the European Central Bank, we will hear from ECB Governing Council members Boris Vujcic and Bostjan Vasle, as well as Chief Economist Philip Lane. The risks of surprise comments by ECB officials appear to have moderated of late.as most of the keynote speakers have recently lined up on a promise to keep raising rates.”
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.
