Analysts at ING maintain their EUR/USD targets, projecting the currency pair to reach 1.170 in anticipation of next week's Federal Reserve meeting, with a potential increase to 1.180 by year-end. The current exchange rate reflects a modest undervaluation of the euro against the dollar, suggesting room for upward movement in trading.
Despite ongoing geopolitical tensions, particularly the stagnant Russia-Ukraine negotiations, the forex market remains focused on monetary policy decisions. ING's FX analyst Francesco Pesole highlights that these developments could influence the USD's strength, impacting the EUR/USD exchange rate as traders position themselves ahead of critical announcements from the Fed.
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Data Source: FX Killer Analysis Team Updated: 2025-12-04 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.