It is expected to fall in the euro / dollar to 1.05 on the eve of the referendum in Italy
The ING expect "slight decline" in the euro / dollar to 1.05 on the eve of the constitutional referendum in Italy, which will be held on 4 December. However, the Bank expects that the euro will stay around current levels on Tuesday and in the coming days.
"Obviously, the euro / dollar has stabilized around 1.0600 after reaching a peak of potential yields on US Treasury bonds." The pair is now trading at 1.0630, unchanged from Monday's closing level.
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