ING Monthly: Already playing into extra time
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Reports Report ING Monthly: Already playing into extra time 11:36 Traditionally, the World Cup may have offered a welcome reprieve from global uncertainty and heavy headlines. Still, there are moments when even the world’s most popular distraction falls short. As the near-c
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ING Monthly: Weathering the shocks
Lead — The desk views the recent adjustments made by ING as indicative of a stronger dollar outlook, extending the bullish sentiment for USD/JPY and a shift in EUR/USD forecasts. Per the full note from ING, revisions include a hawkish Fed outlook driving an increase in year-end USD/JPY targets to 160 from 158, while EUR/USD targets have been reduced to 1.16 from 1.18. This recalibration reflects the Fed's probable rotation towards a more aggressive monetary stance despite slower job creation and inflation dynamics. With the current spot at 1.1446 for EUR/USD and 161.2860 for USD/JPY, traders should remain alert to market response as these forecasts diverge from general market sentiment.