ING lowers EUR/USD year-end target to 1.13
ING sees EUR/USD moderately undervalued but notes a challenging backdrop for Euro bulls due to persistent France-related risk premium that could widen if French bonds sell off further, with a possible test of 1.110.
Original · FXStreet AI summary of public reporting
Why: France-related risk premium weighs on EUR
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At publication → CurrentEUR1.12 → 1.12+0.0%