EUR/USD could test the early-September 0.9900 lows after Fed announcement – ING EURUSD Fed Europe Banks
being driven by anything else than the Fed today. Economists at ING believe that the pair could challenge early-September 0.9900 lows after the US central bank announcement.“What is sure is that the overall environment for the euro remains quite challenging, and the latest reports that Germany is going ahead with a full nationalisation of Uniper - the largest buyer of Russian gas – are working against any relief rally in European sentiment at the moment.
“We think the early-September 0.9900 lows can be tested in EUR/USD after the Fed announcement, and a break below that level may unlock further downside for the pair into the 0.9800 support.”Information 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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