+84 888161016

24/7 Customer Support

Mon - Sunday: 24/24

Online store always open

EUR/USD could feel a bit more pressure – ING

November 10, 2023| Forex Market


The Dollar’s bounce sent EUR/USD back close to the 1.0660 mark. Economists at ING analyze the pair’s outlook.

Lagarde to speak today

We cannot exclude a bit more pressure as the impact of Thursday’s US bond sell-off might be felt across European markets today. The EUR/USD 2-year swap rate differential has rewidened after Thursday’s events and is now close to the 136 bps pre-FOMC low.

Today’s focus will be on a speech by European Central Bank (ECB) President Christine Lagarde in London. A slow shift from trying to convince markets another hike is a possibility to pushing back more directly against rate expectations may start to appear more clearly in ECB members’ remarks. The impact on the EUR from ECB speakers has been, however, quite modest and we doubt that would change in a very short time.


Source link

Categories: Trading tips

Get In Touch!

What type of Forex Tool(s) are you interested in ?
How can we reach you ?