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Euro: Energy risks cap upside against US Dollar – ING
The EUR/USD pair is currently facing structural challenges due to ongoing energy risks, which ING emphasizes as a significant headwind. Despite the potential for continued ECB tightening, these risks appear likely to outweigh any growth benefits, keeping the Euro on the back foot against the US Dollar. The current spot rate at 1.1434 reflects this sentiment, indicating a cautious outlook for the Euro amid these pressures.