ING Model Shows Euro Fair Value Below 1.150 Against US Dollar

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Summary · why it matters

ING's short-term fair value model for EUR/USD has dropped below 1.150, pointing to further downside for the Euro against the US Dollar. Francesco Pesole at ING highlighted the move, noting that the bank's 60-day model now sits under that level. According to Pesole, equities and rate differentials are driving the currency pair's moves more than Oil. The reading suggests the Euro remains vulnerable to additional weakness versus the Dollar.

Impact on assets 3

Financials · 2 stocks
ING Groep NV
INGA
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ING's FX model is cited as the source of the EUR/USD fair-value call, but no direct financial impact on ING Groep is stated.

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