EUR/USD lost over 150 pips on Tuesday before entering a consolidation phase below parity early on Wednesday. The ING economists expect the pair to remain in a range of 0.9950-1.0050.
The history of the ECB has difficulties to lift the euro
“The ECB will have a hard time outperforming the Fed. This is not a surprise, given that the US economy entered this inflation crisis with an economy running above capacity, as opposed to the negative output gap of the eurozone.”
“The highlight of today’s session will be the president of the European Commission, Ursula von der Leyenthat will reveal the measures that Europe is going to adopt to deal with the energy crisis. We doubt that these support measures could make a significant difference to the EUR/USD, leaving it in a bid range of 0.9950-1.0050.”
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.
