#EURUSD @ 1.06166 : Risks of 1.0500 being tested in the near term remain elevated – ING
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EUR/USD trades in negative territory slightly below 1.0600. The pair could challenge the 1.0500 level, analysts at ING report.
“Markets are currently pricing in around 130-140 bps of tightening before reaching the peak. This could offer some floor to the Euro.”
“We expect any re-strengthening of the Dollar to see high-beta commodity currencies more at risk than the Euro for the time being. Still, the risks of 1.0500 being tested in the near term remain elevated.”
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