EUR/USD has rallied as the dollar fell across the market. ING economists see more rises ahead for the pair.
Low gas prices and China’s opening are support for EUR/USD
“A surprisingly hawkish European Central Bank warns that EUR/USD could rally strongly if the market is convinced that the Federal Reserve He’s going to relax his policy.”
“Low gas prices and the reopening of China They are also support for EUR/USD and we would say that despite negative seasonal factors for EUR/USD, pressure is building for further near-term gains.”
“With money probably now flowing into emerging market funds – and out of dollar deposits – we may see the EUR/USD heading towards 1.0735/85with external risk towards the 1.09 zone if US price data shows a further slowdown this week.”
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.
