EUR/USD: The pieces of the investment puzzle have yet to fall into place for a rally – ING
|Economists at ING analyze EUR/USD outlook.
EUR/USD risks another drop to the 1.0850 area
With the USD/CNY pair staying bid and Eurozone data soft we would say EUR/USD risks another drop to the 1.0850 area.
Valuation metrics suggest the EUR/USD pair does not have to sell off too far – but the pieces of the investment puzzle have yet to fall into place for a EUR/USD rally.
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