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Euro Likely to Fall Below $1.1380 Despite ECB Rate Hike Signals, ING Analyst Says

2026-07-23 08:21:11

According to Francesco Pesole of ING on July 23, the euro is likely to decline in coming days despite potential European Central Bank signals of a September rate hike. The analyst forecasts the euro could fall to around $1.1380, citing the foreign exchange market's "dangerously complacent" stance toward escalating Middle East tensions.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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