#EURUSD @ 1.00227 -imp levels: and GBP/USD may find support around parity and 1.18 respectively – DBS Bank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE and login below to read further [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
EUR/USD is struggling to stage a recovery following last week’s sharp decline and trading below 1.0050. Meanwhile, GBP/USD continues to trade on the back foot within a touching distance of 1.1800. Economists at DBS Bank expect EUR/USD and GBP/USD to stablilze around 1.00 and 1.18, respectively.
“In contrast to the US, inflation will keep rising in the coming months in the eurozone and the UK. In September, the European Central Bank and the Bank of England might join the Fed with 50 bps hikes to prevent inflation expectations from de-anchoring.”
“After last week’s heavy losses, EUR/USD and GBP/USD may find support around parity and 1.18 respectively.”
[/s2If]
Join Our Telegram Group
