ING: The euro is expected to rise to the 1.16-1.18 USD range by the end of the year

According to Jinshi reports, Chris Turner from ING stated in a report that the euro against the dollar may continue its recent downward trend in the coming weeks, with an expected rebound later this year. He pointed out that although the decline in energy prices is a positive factor for the euro, the anticipated interest rate hikes in the U.S. will dominate the market. If the market reflects expectations of a 50 basis point rate hike, the euro may attempt to fall below 1.13 dollars. Turner expects that based on current judgments, the Federal Reserve will not raise interest rates, and the euro will return to the range of 1.16 to 1.18 dollars in November or December.