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EUR: Another leg higher in EUR/USD may be inevitable - ING
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EUR: Another leg higher in EUR/USD may be inevitable - ING
New
2025.05.22 17:46
2025.05.22 17:46
2025.05.22 17:46
European currencies continue to gain ground, supported by a rotation out of US assets, ING's FX analyst Francesco Pesole notes.
A move to 1.150 in EUR/USD seems to be premature
"Markets might also be partly factoring in last week's unexpected Reuters report that the European Central Bank has asked banks to stress test their USD funding needs amid concerns the Federal Reserve could restrict access to emergency USD swap lines. While this scenario appears somewhat unlikely, should the risk be deemed credible, it could prompt even faster diversification away from the dollar."
"We generally deem c given the lack of hard evidence on the economic damage in the US from tariffs. To be sure, if the G7 summit fails to offer signs of trade de-escalation, and above all, Treasury markets remain under pressure, another leg higher in EUR/USD would be inevitable."
Last updated
: 2025.05.22
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Fed's Waller: Tariffs will be a one time price increase
In an interview with Fox Business on Thursday, Federal Reserve (Fed) Governor Christopher Waller reiterated that he continues to believe that tariffs will cause a one-time increase in prices and added that the Fed's standard playbook is to look through one-time price impacts, per Reuters.
New
2025.05.22 20:59ECB Accounts: Inflation expected to hover close to target of 2% for remainder of year
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New
2025.05.22 20:41GBP trading well despite deeply contractionary mfg PMI - Scotiabank
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New
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New
2025.05.22 20:31USD consolidates as Treasurys steady - Scotiabank
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New
2025.05.22 20:27EUR soft but in range as markets digest disappointing PMIs/stronger IFO - Scotiabank
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2025.05.22 20:24Bessent and Kato commit to market-determined exchange rates - Commerzbank
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2025.05.22 20:20AUD/USD slips below 0.6420 ahead of US PMI data
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2025.05.22 20:20USD/JPY Price Forecast: Flattens around 143.50
The USD/JPY pair recoups its initial losses and flattens around 143.50 during European trading hours on Thursday. The pair rebounds as the US Dollar (USD) attracts bids on Thursday after a three-day losing streak.
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2025.05.22 20:12Disclaimer:
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