ING Sees EUR/USD Extending Losses Toward 1.10 on Hawkish Fed

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

ING's Francesco Pesole reports that EUR/USD has broken below its summer lows and is trading near 1.1350 as Dollar strength dominates. He sees limited scope for another large break unless the Federal Reserve hikes in October and stays hawkish. In that scenario, EUR/USD could extend losses toward 1.10.

Impact on assets 3

Financials▲ · 2 stocks
Others▼ · 1 stocks