EUR/USD: Hawkish message by the ECB could steer Euro over 1.06 – SocGen EURUSD ECB Banks
maintains bid tone around 1.05. Hawkish ECB hike and QT plan could spark buying through 1.06, economists at Société Générale report.“Optimism of a shallower recession in the euro area and a hawkish message by the ECB on Thursday could steer EUR/USD over 1.06. Next potential hurdle is at the March 2020 low of 1.0630/1.0690.”
“Technically, the return over the 200-Day Moving Average at 1.0350 in mid-November supports the view that the tide has turned.”in its battle against inflation via commodity prices and nonenergy/industrial goods priced in Dollar.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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