The EUR/USD it has tested parity but has failed to sustainably break that key level. The BBH economists they believe the pair is still on track to test the September 2002 low near 0.9615.
European Central Bank Minutes underline its new standardization approach
“EUR/USD should continue to struggle to advance above 1.00. We believe the pair is still on track to test the September 2002 low near 0.9615.”
“The story of the July ECB meeting is worth looking at. The bottom line is that the ECB will keep raising rates and just hope the market doesn’t test its decision to keep peripheral spreads lower.”
“We believe the bill reflects the creditor nation’s continued reluctance to unconditionally support debtor nations. This is a dangerous stance as Italy’s September elections approach.”
Source: Fx Street
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
