ING Bank: There is currently no sufficient reason for the Euro/Dollar to explore 1.10

IG Data, July 18th, the Dutch International Bank indicated that the European Central Bank may be satisfied with the current market pricing of a further 25 basis points rate cut in September and December, thus keeping the interest rate unchanged today. The euro/dollar has begun to show some resilience. This may be due to the uncertainty in the market about what ‘Trump’s election’ really means for the dollar. Macroeconomics may dominate the trend of the euro/dollar, but currently we do not see sufficient reasons for the euro/dollar to test 1.10.

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