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- EURUSD may be close to its short-term peak – ING
EURUSD may be close to its short-term peak – ING
EURUSD is a straightforward dollar and risk sentiment story at the moment. Economists at ING expect the pair to return to parity in the near term.
Only a dollar story
“We struggle to see recent moves as the inception of a broad and sustained dollar downtrend, and we, therefore, think EURUSD may be close to its short-term peak.”
“There were already very few indications that the euro was particularly oversold before the recent upward correction: now, we are likely looking at an even more balanced positioning. We see room for a return to EURUSD parity in the near term.”
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