ING: If U.S. inflation is lower than expected, the euro may surpass $1.16

智通财经2026/08/10 09:22

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

(1) ING analyst Francesco Pesole stated that if US inflation data released this Wednesday comes in below market expectations, the EUR/USD exchange rate may rise above 1.16. He noted that after last Friday's weak US nonfarm payrolls report, there is still ample room for the market to lower its expectations for future Federal Reserve rate hikes. (2) In contrast, the European Central Bank has made a "quasi-commitment" to another rate hike in September, which further supports the euro's performance. (3) Pesole emphasized, "The role of short-term interest rate differentials as the main driving factor for EUR/USD continues to strengthen," meaning the euro's sensitivity to Federal Reserve policy developments will remain high. After touching a seven-week high of 1.1580 last Friday, EUR/USD was flat at $1.1559 on Monday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Spot platinum has just broken through the $1,790.00/oz mark, now quoted at $1,790.22/oz, down 1.68% on the day; Nymex platinum futures main contract is now at $1,797.5/oz, down 3.06% on the day; spot gold has just broken through the $4,440.00/oz mark, now quoted at $4,440.14/oz, down 0.32% on the day; COMEX gold futures main contract is now at $4,489.30/oz, down 0.90% on the day.

智通财经•2026/08/31 19:36

Meta Platforms CEO Mark Zuckerberg: Meta Platforms (META.US) launches a monthly subscription plan for Muse Code.

智通财经•2026/08/31 19:12