EUR/USD has risen above 1.0900. Economists at ING analyze the pair’s outlook. 

European equities enjoy prospects of a lower trajectory for global policy rates

EUR/USD has been lifted by the weaker Dollar, though looks unlikely to outperform. Typically the bullish steepening of the US curve sees EUR/AUD come lower. This has been the case – although helped by some exceptionally strong Australian employment data. 

EUR/USD looks as though it can drift up to the 1.0980/1.1000 region as European equities also enjoy prospects of a lower trajectory for global policy rates.