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2026-05-27 15:27:12
[ING: Limited Euro Appreciation, Fed Rate Hike Expectations to Dominate] (1) ING analyst Chris Turner said that even with increasing market betting on a European Central Bank rate hike next month, the euro's appreciation against the dollar may still be limited. (2) He pointed out that while ECB officials Lane and Schnabel solidified expectations of a 25 basis point rate hike on June 11, this failed to provide a significant boost to the euro. (3) Turner believes that the dominant theme in the coming weeks will be expectations of a Fed rate hike, which means the euro may struggle to maintain its gains above $1.1650-$1.1660.
