ING analyst Francesco Pesole said the ECB may hint at a September rate hike via
media leak after Thursday’s meeting, but such signaling is unlikely to stop the
euro falling over the next few days. With FX markets appearing dangerously
Complacent about the escalating Middle East conflict, ING remains tilted to the
downside on the euro and expects EUR/USD to slip toward $1.1380 barring more
positive news.
