EUR/USD will remain in a range of 0.9900-1.0100 – ING

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The ING economists doubt that the European Central Bank’s (ECB) 25 basis point tightening this fall will make much of a difference to the soft EUR/USD profile. The pair will remain within a range of 0.99-1.01.

ECB hawks could struggle to spark euro liftoff

“Markets are now pricing in a 69 basis point hike at the September meeting, a total of 130 basis points for the October meeting and a total of 167 basis points by the end of the year. However, the recent tightening of spreads in the Two-year swaps between the euro and the dollar may have come to an end, and a reversal – should the ECB fail to deliver on this new pricing – could take EUR/USD to new lows next week.”

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“The EUR/USD will continue to offer in a range of 0.9900-1.0100“.

Source: Fx Street

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