EUR/USD can consolidate around 1.0850/1.0900 – ING

FXStreet Insights Team FXStreet

EUR/USD tested yearly lows in the mid 1.0800-1.0900 range. Economists at ING analyze the world’s most popular currency pair outlook.

Markets were unmoved from the minutes of the December ECB meeting

Markets were unmoved from the minutes of the December European Central Bank (ECB) meeting on Thursday, in which members steered away from discussing rate cuts.

Today, the Eurozone calendar is empty, and we think EUR/USD can consolidate around 1.0850/1.0900.

See: FX market likely to be reluctant to trade EUR lower before ECB meeting – Commerzbank

(This story was corrected on January 19 at 12:07 GMT to say in the headline that EUR/USD can consolidate around 1.0850/1.0900, not 1.8500/1.0900.)

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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