Economists at ING analyze EUR outlook and say that the EUR/USD could fall back to the 1.0825/45 area today.
Not the best environment for the pro-cyclical Euro
With yield curves still heavily inverted around the world and the Chinese economy continuing to misfire, this is not the best environment for the pro-cyclical Euro.
EUR/USD can drift back towards the 1.0825/45 area on the day and it is increasingly looking as though we could see a 1.07-1.10 range for a large part of the third quarter this year.
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