EUR/USD got a lift yesterday. Economists at ING believe that the 1.05 level will be the bottom of the first quarter range.
EUR/CHF looks like it might end March near 1.00
“The continued re-pricing of the ECB curve is providing EUR/USD with some support against higher US rates and suggesting 1.05 will be the bottom of the EUR/USD’s first quarter range after all. Certainly, the disinflation story is taking a back seat this month.”
“Today, we have a few ECB speakers and we should expect a relatively quiet 1.0565-1.0645 range for EUR/USD.”
“The more aggressive ECB pricing is also providing some support to EUR/CHF, which looks like it might end March near our 1.00 target.”
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