EURUSD may be close to its short-term peak – ING
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EURUSD is a straightforward dollar and risk sentiment story at the moment. Economists at ING expect the pair to return to parity in the near term.
“We struggle to see recent moves as the inception of a broad and sustained dollar downtrend, and we, therefore, think EURUSD may be close to its short-term peak.”
“There were already very few indications that the euro was particularly oversold before the recent upward correction: now, we are likely looking at an even more balanced positioning. We see room for a return to EURUSD parity in the near term.”
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