EUR/USD approached the 1.0850 mark in Monday's session. The economists of ING They analyze the pair's prospects.
EUR/USD to stabilize around or slightly above 1.0850
Inflation figures will be published in the next ten days in the Eurozone, with the March CPI estimate for the entire Eurozone on April 3. Barring any major surprises, markets should continue to gain confidence about a June cut (21 basis points already in price), meaning the Euro could lag behind other currencies that are short positioned and/or have a beta higher relative to sentiment once a decline in the Dollar materializes. In our opinion, this may happen in the next month.
For this week, the EUR/USD should be able to avoid much more pressure on the 1.0800 support and stabilize around or modestly above 1.0850.
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.
