#EURUSD @ 1.05364 to struggle to hold any gains over 1.06 this week – ING
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EUR/USD continues to fluctuate above 1.0500. In the opinion of economists at ING, the pair will struggle to hold any gains over 1.06 this week.
“We note there is still a slight risk of the ECB doing 75 bps rather than 50 bps – which would probably help the Euro. But this of course comes after the US CPI/FOMC risk.”
“Given the 10% EUR/USD correction off the late September lows, our preference would be that EUR/USD struggles to hold any gains over 1.06 this week and could end the week lower should US events oblige.”
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