EUR/USD to hover around the 1.00-1.02 area for the remainder of this year – ING

EUR/USD remains listless in the middle of a 1.01-1.03 range. Economists at ING expect the world’s most popular currency pair to trade down near the 1.00-1.02 area for the rest of 2022.

On vacation

“The European data calendar is exceptionally light this week and this pair will instead be driven by geopolitical factors and US data/Fed speak.”

“Our baseline for the remainder of this year is EUR/USD continuing to trade down near the 1.00-1.02 area.”