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29 June 2018

EUR/USD: What’s next for euro-dollar?

Here are four potential EUR/USD paths as we try to cut through the global markets' gloom. Click here to download our fuller PDF report

Chris Turner
Chris Turner

Global Head of Markets and Regional Head of Research for UK & CEE
Viraj Patel
Viraj Patel

Foreign Exchange Strategist
290618-image-eurodollar.jpg

Our scenario analysis: Click on the image to enlarge

- Source: ING estimates
Source: ING estimates

EUR/USD has confounded consensus expectations this year, hit by both intermittent episodes of USD strength and EUR weakness. Of the many factors that will drive EUR/USD over the next 12-18 months, four stand out:

  1. Trade wars
  2. European politics
  3. The relative ECB/Fed policy outlook
  4. The relative EZ-US growth (and equity) prospects.

This is taken from our more comprehensive report, which you can download here

EUR/USD decline since mid-April has been in large part driven by a rising risk premium

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Authors

Chris Turner
Chris Turner

Global Head of Markets and Regional Head of Research for UK & CEE
Viraj Patel
Viraj Patel

Foreign Exchange Strategist
Content Disclaimer
This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. Read more