ING Groep: Europe and the United States will remain range-bound ahead of the Federal Reserve's decision
ING Groep stated that the euro against the US dollar may fluctuate narrowly before the Federal Reserve meeting later, whether a rate cut of 25 basis points or 50 basis points will be very close. Analyst Francesco Pessolano from ING Groep mentioned in a report: "If the Federal Reserve cuts rates by 50 basis points and the market interprets it as a panic move, the weakness of the US dollar may be transmitted through the euro, yen, and Swiss franc, while risk-sensitive currencies such as the Norwegian krone and Swedish krone may be impacted." However, he suggested that the Federal Reserve should cut rates by 25 basis points, which may initially push the euro below 1.10 US dollars, but it may gradually rebound in the coming days
On September 18th, ING Groep stated that the euro against the US dollar may fluctuate narrowly before the meeting of the Federal Reserve later, whether a rate cut of 25 basis points or 50 basis points will be very close. Analyst Francesco Pessol in a report said, "If the Federal Reserve cuts rates by 50 basis points, and the market interprets it as a panic move, the weakness of the US dollar may be transmitted through the euro, yen, and Swiss franc, while risk-sensitive currencies such as the Norwegian krone and Swedish krone may be impacted." However, he mentioned that the Federal Reserve should cut rates by 25 basis points, which may initially push the euro below 1.10 US dollars, but it may gradually rebound in the coming days