EUR/USD set to retest the 0.99 level – ING

EUR/USD has recovered a bit of ground in overnight trading. But in the view of economists at ING, the pair is ready to retest 0.9900.

Eurozone PPI figures for July will likely have limited market implications

“The main data release to watch today in the eurozone is PPI figures for July, which should mark a clear acceleration although will likely have limited market implications.”

“We see the potential for another round of dollar appreciation today after the NFP, which may force a re-test of 0.9900 in EUR/USD before markets close for the weekend.”

See – NFP Preview: Forecasts from eight major banks, employment growth still strong