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Euro: Schnabel's upbeat tone supports against US Dollar – ING
The Euro continues to gain support against the US Dollar, bolstered by ECB Board member Isabel Schnabel's optimistic rhetoric surrounding interest rates. Her comments have resulted in a renewed focus on the Eurozone's economic resilience, drawing market participants’ attention to the potential for sustained high rates, which generally favor the single currency. With the EUR/USD trading around 1.1446, this positive sentiment suggests a short-term bid for the Euro amid a generally bearish outlook for the Dollar.