The EURUSD exchange rate at 1.06548, with a support level at 1.0600/1.0610, appears to be the final threshold before reaching 1.0500, according to ING.

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EURUSD Chart by TradingView

EUR/USD took its time, but ultimately the Fed’s hawkish message resonated with the US yield curve and EUR/USD slumped back to the recent lows. Economists at ING analyze the pair’s outlook.

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