EUR/USD could press last May's high at 1.0785 – ING EURUSD Gas Banks UnitedStates CPI
managed to nudge up to a new high yesterday. Economists at ING believe that the pair could test last May's high at 1.0785.“For the time being, we would prefer to back further EUR/USD strength – should today's US event risks allow. This could see EUR/USD pressing last May's high at 1.0785.”
“Before we dust off the call to 1.15, we should note that a re-opened China will compete for global LNG supplies. This means that the issue of high natural gas prices could well come back and bite theInformation 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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