ING Raises EUR/USD Year-End Target to 1.18 on Dovish Fed View
ING's FX team, led by Francesco Pesole, has revised its EUR/USD forecast upward, targeting 1.18 by year-end, citing expectations of moderate dollar weakness in H2 driven by a dovish Fed relative to market pricing and fading energy concerns.
EURUSD
ING's FX team, led by Francesco Pesole, has updated its EUR/USD projections, now targeting 1.18 by year-end. The revision is based on an expected moderate depreciation of the US dollar in the third and fourth quarters.
Key factors behind the outlook include a dovish Federal Reserve relative to current market pricing, as well as diminishing energy-related pressures that had previously supported the greenback.
Source: FXStreet Forex News