It has actually been a reasonably peaceful start to the year in FX markets. Economic experts at ING evaluate the EUR/USD outlook.
EUR/USD seen ending the year at 1.1500
Doubts about the timing and speed of main banking reducing cycles have actually added to lower levels of volatility and a look for yield.
Presuming the Fed is preparing to cut rates in May/June, the bullish steepening of the United States curve ought to be favorable for many activity currencies– consisting of the Euro.
We still anticipate EUR/USD ending the 2nd quarter someplace near 1.1000 and ending the year at 1.1500.
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