0724 GMT - The euro's appreciation against the dollar could remain limited even as markets increasingly bet on the European Central Bank raising interest rates next month, ING's Chris Turner says in a note. "The euro failed to get much of a lift yesterday from ECB speakers Philip Lane and Isabel Schnabel, firming up views for a 25 basis-point rate hike on 11 June." Expectations for the Federal Reserve to pivot towards raising rates is likely to be the more dominant theme in coming weeks, he says. That means the euro could struggle to sustain gains above $1.1650-$1.1660, he says. The euro rises 0.2% to $1.1646. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 03:24 ET (07:24 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments