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2026-05-26 23:00:06
[Euro Could Fall Against Dollar If Fed Warns of Possible Rate Hike] ING analyst Chris Turner stated in a report that the euro could fall towards $1.1500 if the Federal Reserve warns of a possible rate hike, especially as weak economic data prompts markets to lower their expectations for a rate hike in the Eurozone. Turner said ING estimates the euro's fair value against the dollar at $1.16-$1.17, but interest rate differentials could put pressure on it. "There's no strong reason to support a fall below $1.1500 for the euro. However, if more members of the Federal Open Market Committee speculate on a rate hike, and as European data continues to disappoint, that could be the future direction." The euro was last down 0.14% at $1.1625.
