EUR/USD to trace out a 1.10/1.12 to 1.15 trading range – ING EURUSD Fed ECB Banks
h turn from the European Central Bank suggests the pair will probably play out a broad 1.10-1.15 range this year.release new inflation forecasts and potentially opens the door for a 4Q rate hike. 16 March sees the Fed release new Dot Plots and possibly starts off the cycle with a 50bp hike. We currently look for five hikes in total from the Fed in 2022.”traces out something like a 1.10/1.12 to 1.15 trading range as we brace for major central bank tightening.
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