# When caution’s not enough for the euro | articles | ING THINK

> ING analysts said the euro spiked after Draghi's cautious comments on the timing of stimulus reduction. They see EUR/USD testing 1.1714 but think a sustained break above 1.2000 is unlikely for now. They also see further upside in German bund yields as the ECB moves toward normalization.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70190-when-caution-s-not-enough-for-the-euro-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Forecasts of euro strength reflect continued dollar softness, which tends to support dollar-priced commodities and emerging-market currencies in the near term.

## Read by commodity

- EURUSD: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/when-cautions-not-enough-for-the-euro/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.