ING: Fed Hike Speculation Offsets Oil Price Decline's Impact on the Euro
2026-07-28 09:06:01
According to Jin10, ING analyst Chris Turner said in a report that the euro has not gained much support from lower oil prices as markets prepare for a possible Federal Reserve rate hike on Wednesday. He said the case for a hike is that taking action early would help strengthen the Fed's anti-inflation credibility and reduce the need for further tightening later, adding that the Fed's lack of communication has created fertile ground for such speculation. London Stock Exchange Group data showed markets were pricing in a 34% probability of a rate hike on Wednesday.
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