ING Keeps EUR/USD Year-End Target at 1.160 Despite Expected ECB December Hike

ING··EUDE·Read original
2▲0 ▼1Impact / 5
Summary · why it matters

ING is holding its EUR/USD profile unchanged with a 1.160 year-end target even as it now expects an additional European Central Bank hike in December, according to Francesco Pesole of the bank. Pesole said downside risks for the euro persist despite the December hike call and the political noise in Germany. The 1.160 year-end target remains ING's standing forecast for the currency pair.

Impact on assets 3

Financials▲ · 2 stocks
ING Groep NV
INGA
± MixedCapitalrelevance

ING's FX strategist reiterates the bank's EUR/USD forecast and ECB hike call; no direct financial impact on ING itself.

ING Group NV ADR
ING
± MixedMonetaryrelevance

ING is the source of the EUR/USD forecast and ECB hike call, but the news is about its FX view, not its own business.

Others▼ · 1 stocks
💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance

ING keeps EUR/USD year-end target at 1.160 while expecting an extra ECB December hike, but flags persistent euro downside risks.

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