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Euro: Limited upside as US Dollar stays strong – ING

Reported · Written up by our desk · Major Pairs

Chris Turner at ING highlights that EUR/USD is holding up despite higher energy prices and French budget risks, helped by unwinding of heavy US tech and Dollar positions. He sees Fed tightening expectations remaining firm and the Dollar strong in coming months. Turner says EUR/USD upside is constrained, though a tech-led Dollar correction could open a move toward 1.1340/50, with a one-month forecast at 1.13.

Latest closeEUR/USD 1.123 ▲0.2%

← Newer storyUnited States Dollar Index falls to near 101.50 due to Fed rate pause…

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Sources

FXStreetEuro: Limited upside as US Dollar stays strong – ING

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