EUR/USD could trade back up to the 1.0480/1.0500 area again – ING EURUSD Inflation Banks
this week will be November price figures. EUR/USD registered its highest weekly close since late June at 1.0402 and could test the 1.0480/1.0500 region, economists at ING report.“The question is whether inflation will fall back from the highs and allow the European Central Bank to potentially soften its hawkish rhetoric a little. Currently, the market prices a 62 bps rate hike on 15 December.”
“We cannot rule out EUR/USD trading back up to the 1.0480/1.0500 area again but reiterate that the second half of the week could potentially pushInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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