0813 GMT - The euro could extend losses against the dollar as there is scope for U.S.-eurozone interest rate differentials to shift further against the exchange rate, ING's Chris Turner says in a note. Thursday's weak eurozone purchasing managers' survey raises questions over how much the European Central Bank can lift interest rates, he says. Meanwhile, the market is increasingly betting on the Federal Reserve raising rates. The euro falls 0.1% to $1.1605. "Under $1.1575, we think the euro can press $1.1500 again and, equally, any progress on peace discussions in the Middle East could see any corrective rally stall near $1.1660/90 on the view that the fallout from the energy shock will still be with us for the next couple of months." (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 22, 2026 04:13 ET (08:13 GMT)
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