EUR/USD: What’s next for euro-dollar?

  • 29 June 2018
  • FX
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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
Viraj Patel
Chris Turner and Viraj Patel
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

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.
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Authors

Chris Turner

Chris Turner

Global Head of Markets and Regional Head of Research for UK & CEE
Chris is Global Head of Markets and Regional Head of Research for UK & CEE. Together with his team, he provides short and medium-term FX recommendations for ING's corporate and…
Viraj Patel

Viraj Patel

Foreign Exchange Strategist
Viraj is an FX strategist at ING. He has been with the firm since January 2015 and covers developed markets. Prior to this, he worked at Barclays and the Bank of England. Viraj read Economics at…

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