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21 Jun 2023

EUR/USD could move back to the 1.0850/1.0900 area – ING

EUR/USD trades slightly above the 1.09 level. Economists at ING analyze the pair’s outlook.

Some downside risks for EUR/USD today

Today, we’ll hear from two prominent hawkish speakers, Schnabel and Nagel, as well as from Slovakia’s Kazimir (also a hawk). Still, expect the impact on EUR/USD to be secondary compared to Powell’s testimony.

We see some downside risks for the pair today, which could move back to the 1.0850/1.0900 area.

See – EUR/USD: Gradual appreciation of the Euro towards the end of the year – Commerzbank

Jun 21, 2023

AUD/USD retreats sharply from 0.6800 ahead of Fed Powell’s testimony

The AUD/USD pair has witnessed significant selling pressure after a short-lived pullback to near the round-level resistance of 0.6800 in the London se
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Jun 21, 2023

Forex Today: Hot UK inflation supports Pound Sterling, eyes on Powell testimony

Here is what you need to know on Wednesday, June 21: The risk-averse market environment helps the US dollar (USD) hold its ground mid-week as investor
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