EUR/USD: A weakening in US data remains the key to unlocking major upside room

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EUR/USD: A weakening in US data remains the key to unlocking major upside room
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Economists at ING analyze EUR/USD outlook. Strong – and growing – USD rate advantage We still deem a sustainable EUR/USD rally premature, given the st

Economists at ING analyze EUR/USD outlook. Strong– and growing – USD rate advantage We still deem a sustainable EUR/USD rally premature, given the strong USD rate advantage.

Improvements in the Eurozone growth narrative would help, but a weakening in US data remains the key to unlocking major upside room for the pair. The volatile situation in the Middle East remains a big question mark on the direction of the pair in the short term. See–EUR/USD: The risks should continue to point downwards – Commerzbank

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