EUR/USD to hold around 1.11 today, but sizeable downside risks in coming weeks – ING EURUSD CPI Inflation Germany Banks
EUR/USD rallied by more than 1% on Tuesday. In the view of economists at ING, German CPI is set to help euro hold on to gains.“Geopolitical risk now appears almost fully priced out, while rate differentials and other fundamentals point to a weakening in the pair.”
“The euro might get some support today from the March inflation readings in Germany and France. German inflation looks set to have broken above 6.0%, once again driven by higher energy prices, which should keep alive the market’s expectations on“We think EUR/USD can hold around 1.11 today, but we continue to see sizeable downside risks in the coming weeks.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.