EUR/USD: A further correction into the 1.05-1.06 region is on the cards – ING EURUSD Banks
hawks such as Isabel Schnabel suggest it may be premature to scale back rate increases. Currently, the market prices 61 bps of hikes on 15 December . Clearly, the 50 bps versus 75 bps debate will continue to run.”
“For EUR/USD, it still looks like the big Dollar story is dominating. We cannot rule out a further correction into the 1.05-1.06 region but would see these as the best levels before year-end. These levels could be seen next week should Fed speakers or November US jobs data prove the catalyst.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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