Euro limited downside versus dollar after Fed hike — ING note
ING’s Francesco Pesole said the euro’s scope to fall versus the dollar could be limited if the Fed raises rates and signals further tightening.
ING's Francesco Pesole says the euro could edge lower against the dollar if the Federal Reserve raises interest rates and signals that more tightening may still be possible in a later decision. Pesole adds that, looking further ahead, the Federal Reserve and European Central Bank are unlikely to deliver another rate increase.