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: 2025.01.23
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EUR: Correction has been lacklustre - ING
Breaking news
EUR: Correction has been lacklustre - ING
New
2025.01.23 17:47
2025.01.23 17:47
2025.01.23 17:47
This week's EUR/USD bounce has been pretty muted so far. As above, there is no way investors can expect to hear an 'all-clear' signal on tariffs. And keeping trading partners off balance/guessing is a tactic that kept the dollar reasonably well bid during Trump's last tariff regime in 2018-19, ING's FX analyst Chris Turner notes.
EUR/USD may explore the lower end of a 1.0350-1.0450 range
"Another reason traders may not want to reduce their euro short positions is ahead of tomorrow's release of the eurozone flash PMis for January. Another dire set of confidence readings will only encourage the ECB to look through the tick-up in inflation and commit to a 100bp+ easing cycle this year."
"EUR/USD looks like it might explore the lower end of a 1.0350-1.0450 range today should Trump have something more to say about tariffs. But the next big move may not emerge until the FOMC meeting next Wednesday, the US December core PCE deflator next Friday, and that seemingly 1 February tariff deadline."
Last updated
: 2025.01.23
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2025.01.23 22:14
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AUD/USD oscillates below 0.6300 as investors await more clarity on Trump's tariff policy
The AUD/USD pair trades in a narrow range below the immediate resistance of 0.6300 in Thursday's North American session.
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2025.01.23 20:21Disclaimer:
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