{
  "id": 3008888,
  "title": "Euro: Positioning supports gradual gains against US Dollar – ING",
  "url": "https://urgent.news/2026/08/24/euro-positioning-supports-gradual-gains-against-us-dollar-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T11:17:14.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-positioning-supports-gradual-gains-against-us-dollar-ing-202608241117"
  },
  "original_language": "en",
  "account": "ING’s Chris Turner mentions futures data indicating asset managers and leveraged funds are increasing their Euro exposure, while speculators remain underweight. He also notes improving German IFO and Eurozone PMIs, suggesting a limited need for EUR/USD to plummet significantly below 1.1660/70 unless risk assets face issues. ING maintains its forecasts of EUR/USD at 1.17 by the end of September and 1.18 by year-end, currently under review. The latest positioning data from Chicago's futures market shows asset managers and leveraged funds acquiring euro contracts, although the quantities are modest and the data precedes the recent EUR/USD surge. This echoes a previous conclusion drawn from hedging data. This week’s calendar includes the release of August’s German IFO, expected to contribute to the ongoing recovery following the sharp decline in March and April. ING does not believe EUR/USD needs to fall sharply under the 1.1660/70 support today, but the previous week's breakout area could serve as a risk if risk assets begin to underperform. For now, ING is content with the current forecasts for EUR/USD at 1.17 by the end of September and 1.18 at year-end, but they will reassess these projections this week.",
  "summary": "ING’s Chris Turner highlights futures data showing asset managers and leveraged funds adding Euro exposure, leaving speculators underweight. He notes recovering German IFO and Eurozone PMIs, and sees limited need for EUR/USD to drop sharply below 1.1660/70 unless risk assets suffer.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Range consolidation against US Dollar as growth gap narrows – Societe Generale",
        "url": "https://urgent.news/2026/08/24/euro-range-consolidation-against-us-dollar-as-growth-gap-narrows",
        "published": "2026-08-24T12:46:46.000Z"
      }
    ]
  },
  "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."
}