EUR/USD briefly printed below 1.0800 overnight. Markets could see the pair stabilise around current levels for a bit longer, but the chances of a sustainable rebound remain slim as the USD:EUR two-year swap rate gap is now at its widest since May (145bp) and it’s hard to pinpoint any clear driver for a retightening in the near term, ING’s FX Francesco Pesole notes.
Related Articles
S&P 500 erases loses, turns positive despite a big decline at Alphabet
Alphabet shares were a big drag on stocks earlier today and the...
US expected to roll out Ukraine peace plan next week
Yesterday, Zelensky said they are ready for the diplomatic track to end...
Japan-US summit statement to call for ‘golden age’ of ties
This is a bit rich consider the US just blocked Japan's acquisition...
ECB’s Centeno: Undershooting 2% inflation is a risk if investment doesn’t improve
I hope we will get to 2% deposit rate sooner rather than...
Leave a comment