EUR/USD continues to move up and down in a tight range around 1.0550. The ING Economists they expect the pair to remain between 1.0500 and 1.0600.
ECB split could be costly
“We were surprised yesterday by the ECB’s dove comments, Ignazio Visco, openly criticizing his ECB colleagues for making forward-looking statements on monetary policy. Public dissent among policy makers is never welcomed by currency markets. And, presumably, ECB President Christine Lagarde’s job will only get harder on this front as the ECB raises rates in the summer.”
“For now, let’s expect the EUR/USD to trade in a range of 1.0500 to 1.0600 and tomorrow’s US jobs report will determine if it needs to break below 1.0500.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
