As the EUR/USD is trading around the 0.9750 area, ING economists expect the world’s most popular currency pair to challenge the 0.9540 September lows in the short term.
They believe the sterling’s swings should highly impact the euro in the near term, where the correlation seems stronger on the downside.
According to the ING Economists, “EUR/USD will test the 0.9540 September lows in the near-term and extend a drop below that level by year-end.”
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