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Euro: French risks cap upside against US Dollar – ING
The euro remains capped against the US dollar as ongoing French political risks temper bullish sentiment, as noted by ING. With EUR/USD currently trading at 1.1253, the market is weighing these domestic challenges against an otherwise supportive European economic backdrop. This sentiment comes at a time when traders are scrutinizing forecasts for the euro, with many seeing potential upward movement still influenced by US Federal Reserve policy dynamics and upcoming European Central Bank decisions.