EUR/USD has found some support near 0.9920 but remains vulnerable. As reported by economists at ING, the pair will trade within a range of 0.99-1.01 this week. Pay attention this week to natural gas prices “Markets are now pricing in a 63 basis point ECB rate hike on September 8 – we expect 50 basis […]
Tag: ECB
ECB: Inflation expected to remain high in the near term — Philip Lane
The chief economist of the European Central Bank (ECB), Philip Lane, on Monday that inflation in the eurozone is expected to remain high in the short term, but added that long-term inflation expectations remain close to 2%, Reuters reported. Commenting on the outlook for monetary policy, Lane explained that “it is important to maintain a […]
EUR/USD: The impact of energy on growth will limit the ECB’s ability to support the euro – MUFG
The current rise in gas prices in Europe has encouraged market participants to anticipate further tightening by the European Central Bank (ECB). However, according to economists from MUFG Bankthe Growth risks will keep the euro under pressure. Higher risks of the ECB defaulting on rate hikes compared to the Fed “If EUR/USD extends further lower […]
EUR/USD: Euro zone inflation data will only give euro limited support – Commerzbank
Some members of the council of the European Central Bank (ECB) also took advantage of the Jackson Hole symposium to convince the market of their efforts in the fight against inflation. Eurozone inflation data on Wednesday could support the euro, but to a limited extentreport economists from Commerzbank. “The ECB’s speech is more or less […]
EUR/USD will continue to slide towards 0.95 in the coming months – Danske Bank
The EUR/USD pair bounced on Friday amid signs of strength from the Federal Reserve and the European Central Bank (ECB), but ended the week below par. The Danske Bank economists expect the world’s most popular currency pair to extend its decline. Those responsible for the ECB warn that a “sacrifice” is necessary “The ECB appears […]
EUR/USD will struggle to break above 1.00 – BBH
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 […]
EUR/USD poised to retest July low at 0.9950 – ING
EUR/USD is struggling to recover after last week’s sharp drop. The pair is still very pressured and could sink below par at any timeanalysts report ENG. Portfolio adjustments by Asian central banks could be added to the sell-off “Asian currencies remain under heavy pressure and will prompt intervention to sell dollars to support local currencies. […]
EUR/USD lower on USD firmness and risk aversion momentum
EUR/USD is preparing to end the week with heavy losses above 2%. Fed officials insist that this is not the time to declare “victory” while adding that further rate hikes are coming. Schnabel and Kazaks of the ECB expect another rate hike in September. The EUR/USD falls for the second day in a row on […]
EUR/USD may remain near lows during the second half of 2022 – ING
Rate differentials and the impact of energy revenues make the environment very difficult for the euro. Therefore, ING strategists report that EUR/USD should be close to parity for much of the second half of the year. Late cycle economies will keep the dollar bid “It seems pretty clear that the US is a late cycle […]
EUR/USD: Early December 2002 lows at 0.9863 still in sight – CIBC
According to the economists at CIBC Capital Mercados, EUR/USD could test December 2002 lowsas expensive natural gas prices and ongoing supply threats mean the eurozone faces heightened risks of a recession, which will weigh on the euro going forward. Recession risks will weigh on the euro “Expensive natural gas prices and continuing supply threats mean […]