EUR/USD: Some wait-and-see approach ahead of the ECB meeting – ING EURUSD Banks
“Markets are pricing in 66 bps of tightening by the European Central Bank at tomorrow’s announcement, but our base case remains a 50 bps hike. This obviously widens the scope for a further weakening of the euro later this week, but for today, some wait-and-see approach ahead of the big risk event could cap“A thread to keep an eye is the ongoing discussion among EU members about solving the energy price problem.
. German Chancellor Olaf Scholz has continued to push for an agreement on price caps and stated yesterday that this could prove to be a relatively quick mechanism to implement.”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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