27 June | Euro | Dollar

ING experts see potential for euro-dollar exchange rate increase to 1.20

ING experts see potential for euro-dollar exchange rate increase to 1.20

ING analysts believe the euro could rise to 1.20 against the dollar, but this would require significant shifts in the current economic situation. Among the potential drivers for euro appreciation, experts cited changes related to existing trade tariffs, the US budget deficit, or the Federal Reserve (Fed).

In the company’s Thursday report, analysts highlighted the impact of the weakening US currency on the euro’s exchange rate. Moreover, they pointed to the dollar’s failed recovery attempts amid geopolitical tensions in the Middle East and the subsequent spike in oil prices.

Discussing short-term factors influencing the euro-dollar pair, ING analysts noted the Fed’s cautious policy and the European Central Bank’s (ECB) less aggressive future rate cuts. This trend is expected to reduce the risk premium on the US currency and push the exchange rate toward 1.20.

Achieving this target, however, would require an additional jump in risk premiums ahead of the expiration of Donald Trump’s tariff pause. The passage of a tax bill could also provide further momentum, ING added.

Gold buy
Period: 22.08.2025 Expectation: 2000 pips
Gold bounces back from 2-week low to $3,370
Today at 09:15 AM 49
Period: 31.08.2025 Expectation: 200 pips
Selling SPX down to $6,430
Today at 09:11 AM 21
Period: 31.08.2025 Expectation: 200 pips
Selling AUDUSD down to 0.6460 if reversal pattern completes
Today at 07:58 AM 12
Brent sell
Period: 22.08.2025 Expectation: 395 pips
Brent fluctuates amid fundamental uncertainty
15 August 2025 58
Period: 22.08.2025 Expectation: 1000 pips
0.9 level proved to be too high for AUDCAD buyers
15 August 2025 47
Period: 22.08.2025 Expectation: 500 pips
Spiking US inflation pushes SPX down
15 August 2025 42
Go to forecasts