Ekonomické zprávy
26.10.2021

EUR/USD likely to trade decisively under 1.16 in 1-week - ING

eFXdata reports that ING Research discusses its expectations for this week's ECB policy meeting.

"ECB will be caught between; a) acknowledging that inflation risks have increased and b) wanting to push back against market pricing of an ECB hike in late 2022. Typically the ECB would try to navigate this path by not saying too much and passing the buck to a full review coming at the December 16th meeting," ING notes. 

"Our short term Financial Fair Value (FFV) models, looking at short term yield spreads, yield curves and risk sentiment point to a 2% overvaluation of EUR/USD – largely because short-dated US yields have continued to power ahead. This time we would expect EUR/USD to be trading decisively under 1.16," ING adds.

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