EUR/USD probably ends March in the 1.07/1.08 area – ING

EUR/USD managed to register small gains last week on the back of Friday's rebound. Economists at ING expect the pair to end the month in the 1.07/08 zone.

EUR/USD inside a 1.0600-1.0700 range today

“European Central Bank speakers continue to point to a 50 bps hike at the 16 March meeting as being a done deal. The tough ECB talk has kept the EUR:USD interest rate differential supported at the short end of the market and firmed up the 1.05 support zone for EUR/USD this month. We think EUR/USD probably ends March in the 1.07/1.08 area.”

“EUR/USD probably trades well inside a 1.0600-1.0700 range today.”