Analysts at ING are expecting the EUR/USD pair to trade back to 1.12 over coming months, guided by the modest dollar strength.
“There’s very little to say about the EUR right now apart from: (a) politics look to be on the back-burner until European parliamentary elections in May and (b) weak growth does not present Europe as an obvious beneficiary of the investor rotation out of US asset markets and the dollar.”
“The biggest positive surprise to European currencies (not our baseline) could emerge from Brexit discussions – were a policy path to a second referendum to develop. There is very little clarity on this – but GBP-led gains in EUR/USD to the 1.18 area is an outside risk.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.