💱Euro/US Dollar FX Spot Rate
EURUSD
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ING warns euro risks testing 1.1300 due to weak German PMIs, equity sell-off, and US-EU growth divergence, pressuring EUR/USD.
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The euro faces a growing risk of testing the 1.1300 level against the US dollar, according to ING. Francesco Pesole of ING highlights that EUR/USD has been pressured by an equity sell-off and weak German PMIs, reinforcing a narrative of US-EU growth divergence. He notes a wider EUR:USD two-year swap differential and a renewed dollar risk premium.
ING warns euro risks testing 1.1300 due to weak German PMIs, equity sell-off, and US-EU growth divergence, pressuring EUR/USD.