EUR/USD: A drop below 1.0300 is more likely than a rebound to 1.0500 – ING EURUSD Banks Inflation ECB
failed to break the 1.0500 threshold yesterday and has dropped back to the 1.0350/1.0400 area. Economists at ING expect the pair to drop below 1.0300.“The Eurozone's exposure to China is one key driver to watch for the Euro, and it could easily outweigh the benefits of lower energy prices.”figures to slow slightly tomorrow.
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