Francesco Pesole: The euro is expected to fall to $1.1380 in the short term

According to Golden Ten Data, Francesco Pesole, an analyst at ING Group, stated that even if the European Central Bank hints at a rate hike in September, it will be difficult to prevent the euro from falling in the coming days. Due to the foreign exchange market's insufficient response to risks from conflicts in the Middle East, ING Group maintains a bearish view on the euro in the near term, projecting it will drop to around $1.1380 in the next few days.