ING: The euro is expected to rebound to the 1.16-1.18 USD range by the end of the year

According to ChainCatcher, citing Golden Ten Data, Chris Turner from ING Group stated in a report that the euro against the US dollar may continue its recent decline in the coming weeks and is expected to rebound later this year. He pointed out that although falling energy prices are a positive factor for the euro, anticipated US interest rate hikes will dominate the market. If the market reflects expectations of a 50 basis point rate hike, the euro may attempt to fall below $1.13. Turner expects, based on current assessments, that the Federal Reserve will not raise rates, and the euro will return to the $1.16 to $1.18 range in November or December.