EUR/USD: Eye A Move Towards 1.18 Post-FOMC - ING
ING FX Strategy Research discusses EUR/USD outlook into today's December FOMC policy decision.
"Today’s FOMC meeting –and Chair Yellen’s final press briefing – is a relatively mundane affair. Beyond sticking to the status quo of counting on a dormant Phillips Curve to suddenly wake up, it will be interesting to gauge how much conviction Fed officials have over the transitory nature of low US inflation.
EUR/USD slid to 1.1720 yesterday, though has partly recovered to 1.1750; we expect the retrace to continue under broad USD weakness post-FOMC – and eye a move back towards the 1.1800 level (100-dma)," ING argues.
Source: ING Global Markets Research
Congratulations @efxnews! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP