{
  "id": 19625173,
  "title": "EUR/USD: Downside risks toward 1.10 – ING",
  "url": "https://urgent.news/2026/11/12/eur-usd-downside-risks-toward-1-10-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T08:47:57.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/eur-usd-downside-risks-toward-110-ing-202611120847"
  },
  "original_language": "en",
  "account": "ING’s Francesco Pesole points out that the disparity in central bank messaging between the Federal Reserve and the European Central Bank is putting downward pressure on the EUR/USD exchange rate. The widening two-year swap differentials support the US Dollar, which could push the EUR/USD pair towards the 1.100 mark in the near future. ING views this level as a strong support, stating that a break below 1.100 may necessitate markets pricing in a 50 basis point Federal Reserve hike in December. This differentiation underscores the current EUR/USD narrative, as the widening two-year swap rate differential has grown by around 15 basis points over the past five sessions, indicating a greater potential for further adjustment in front-end USD rates compared to EUR rates in the near term.",
  "summary": "ING’s Francesco Pesole highlights that divergent central bank rhetoric between the Federal Reserve and European Central Bank is weighing on the Euro against the Dollar. Wider two-year swap differentials favour USD, leaving EUR/USD at risk of testing 1.100 in coming days. ING expects that level to offer solid support, arguing a decisive break below 1.100 would likely require markets to price a…",
  "key_points": [
    "Francesco Pesole notes Fed vs ECB messaging disparity weakens EUR/USD",
    "15 basis points increase in two-year swap rate differential over five sessions",
    "EUR/USD support at 1.100, potential 50 basis point Fed hike in December"
  ],
  "editors_take": "Diverging central bank messaging and widening swap differentials favor the US Dollar, signaling a potential shift toward lower exchange rates as markets adjust to differing interest rate expectations.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}