4 grudnia, 2022

EUR/USD TO RETEST 0.95 ON A CLOSE BACK UNDER 0.9910/00 THIS WEEK – ING

EUR/USD is trading below parity. Economists at ING expect the world’s most popular currency pair to retest 0.95 below 0.9910/00 this week. EURO AREA AND RUSSIA CONTINUE IN CONTROL “Under pressure from faster interest rates due to global growth and China’s economic failure, we believe that the euro area and euro will continue to struggle. Therefore, last Thursday’s high of 1.0089 EUR/USD may have been significant. „A break below the 0.9900/9910 area this week supports our key view that EUR/USD will retest the lows near 0.95.”

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