The recovery in risk appetite sent EUR/USD back above the 1.0300 level. The ING Economists expect the pair to reach the 1.0400/50 region in the next few days.
It all depends on the dollar
“Some improvement in China-related sentiment is a positive for Eurozone and Euro assets, but swings in the pair remain primarily a function of broader dollar moves“.
“Fed minutes are the most important event for EUR/USD today, along with new changes in market sentiment on China.”
“An extension of the rally to 1.0400/1.0450 is surely possible in the coming days, but a return to parity in the coming weeks remains our base case. as we enter a difficult winter for the Eurozone economy.”
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.
