EUR/USD can drift back towards the 1.0825/45 area on the day – ING

Economists at ING analyze EUR outlook and say that the EUR/USD could fall back to the 1.0825/45 area today.

Not the best environment for the pro-cyclical Euro

With yield curves still heavily inverted around the world and the Chinese economy continuing to misfire, this is not the best environment for the pro-cyclical Euro. 

EUR/USD can drift back towards the 1.0825/45 area on the day and it is increasingly looking as though we could see a 1.07-1.10 range for a large part of the third quarter this year.