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via fxstreet.comMarkets

Euro: French risks cap upside against US dollar, says ING

FROM THE WIRE · FXSTREET.COM

ING’s Francesco Pesole says EUR/USD is modestly undervalued versus short-term fair value around 1.137–1.139, but ongoing French fiscal concerns and protests may limit gains. He sees risks as balanced, with downside from France and upside from further AI-related pressure on Fed…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishING's one-month target of 1.130 sits below current levels, so the risk for EUR/USD is to the downside.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01EUR/USD is modestly undervalued versus short-term fair value around 1.137–1.139.
  2. 02French fiscal concerns and protests may limit gains.
  3. 03ING sees balanced risks and keeps a one-month target of 1.130.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.12090.00%today -0.30%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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