EUR/USD briefly printed below 1.0800 overnight. Markets could see the pair stabilise around current levels for a bit longer, but the chances of a sustainable rebound remain slim as the USD:EUR two-year swap rate gap is now at its widest since May (145bp) and it’s hard to pinpoint any clear driver for a retightening in the near term, ING’s FX Francesco Pesole notes.
Source: https://www.fxstreet.com/news/eur-ecb-hawks-fly-low-ing-202410230852