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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4 itemsING Monthly: Already playing into extra time
ING Monthly: The world economy at half-time
The desk is positioning for a mildly bullish outlook on the EUR/USD pair, drawn from the recent ING Monthly report's insights on macroeconomic trends and central bank stances. Per the full note, lower oil prices are expected to ease inflationary pressures in the U.S. and Europe, contributing to a steadier economic environment that could support the euro against the dollar. The Federal Reserve's projected hold on rates until mid-2027 contrasts with the potential for the ECB to pursue one more hike if inflation risks linger, suggesting a divergence in monetary policy. Amid these dynamics, the EUR/USD's current spot at 1.1434 reflects a cautious consensus toward the end of the year, with targets ranging from 1.1200 to 1.2000 across major banks.