The EUR/USD pair is trading sideways around 1.0830. Nevertheless, short-term macroeconomic trends remain support for the pairpoint out the ING economists.
The fall in gas prices in Europe continues
“Chinese demand trends are support for pro-cyclical currencies like the Euro. That better outlook for the Eurozone could show up in today’s January ZEW survey of German investors, where the expectations component is expected to have improved from -23 to -15.”
“The continuation of the drop in European natural gas remains positive for the Eurozone trade balance and supposes a support for the Euro.”
“The EUR/USD could consolidate today in a range of 1.0780-1.0870but short-term macroeconomic trends remain support for the pair.”
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.
