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2026-04-07 15:20:29
[ING: Euro May Fall If ECB Does Not Raise Rates in April] (1) Chris Turner of ING Group said in a report that even if the war in Iran pushes up energy prices, the euro may still fall if the European Central Bank does not raise interest rates on April 30. (2) Market bets on an April rate hike have fallen to 43%, but prices have already priced in an expectation of a 72 basis point rate hike by the end of the year. (3) Turner said that any further resistance from ECB policymakers to an April rate hike would be detrimental to the euro. In this highly uncertain environment, the euro is likely to remain weak against the dollar. The euro is currently holding steady at $1.1540.
