EUR/USD to tank towards 1.10 as ECB is set to disappoint markets – Scotiabank EURUSD ECB Banks
has tested the 1.14 level as rate speculation cools. Economists at Scotiabank expect the pair to plummet towards 1.10 once it becomes clearer that the European Central Bank will only marginally hike in 2022.is set to disappoint markets looking for 50bps in hikes this year, and we see EUR gains reversing toward 1.10 once it becomes clearer that the bank will only marginally hike in 2022 .”
“A clearer EUR decline under 1.14 would open the door to a sharp reversal of its Thursday jump that would set 1.13 in its sights. Intermediate support is ~1.1350 and ~1.1330.”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.
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