EUR/USD has again failed to make a decisive move to 1.10+ this week, in line with our expectations, ING’s FX analysts Francesco Pesole notes.
EUR/USD to move towards 1.07
“This FOMC announcement can give some breathing space to dollar-denominated assets and stabilise the greenback by keeping dovish expectations relatively capped. 1.07 is more likely than a break above 1.10 as the next big directional move for EUR/USD as US tariffs regain dominance in April. But the path to a EUR/USD decline won’t be a smooth one.”
- Euro advances against Canadian Dollar amid lower oil prices, ECB rate hike bets
- Gold steadies above $4,300; not out of the woods yet amid Fed hike bets and bullish USD
- Gold weakens below $4,400 as US Treasury yields surge, Fed rate hike bets rise
- Euro extends losses against British Pound as Eurozone inflation fails to impress
- Gold declines as rising Fed hike bets and US‑Iran tensions support USD
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