ING analysts said in a note the Fed’s Wednesday rate hike and signal of further
tightening leave the euro exposed to further declines against the dollar in
coming weeks. If oil spikes again and the Fed hikes as early as October, EUR/USD
could break below 1.14 and test June lows near 1.132. ING said a likely
synchronized Fed-ECB hike in December would be neutral for the currency.
Conversely, ING expects EUR/USD to reach about 1.16 by year‑end if oil eases and
risk sentiment improves.
