{
  "id": 77093,
  "title": "Euro: Fed uncertainty limits gains against US Dollar – ING",
  "url": "https://urgent.news/2026/08/03/euro-fed-uncertainty-limits-gains-against-us-dollar-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T08:30:30.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-fed-uncertainty-limits-gains-against-us-dollar-ing-202608030830"
  },
  "original_language": "en",
  "account": "ING analyst Chris Turner contends that the EUR/USD should be outperforming current levels, given favorable Eurozone data, decreasing Oil prices, and heightened Japanese USD selling. However, Turner acknowledges potential short-term resistance from US activity in EUR/JPY. The Federal Reserve's September decision and forthcoming US economic data will determine whether the EUR/USD can breach the 1.1615/20 resistance or retreat below the 1.15 level. Turner suggests that the US Treasury's limited holdings of euro-denominated FX reserves and Tokyo's significant FX activity may play a role in the EUR/USD's performance, as the US could be selling EUR/JPY to justify its dollar selling. The key driver of the EUR/USD trend, however, is the Fed's September decision, which remains uncertain. Meanwhile, GBP/USD demonstrates renewed strength, nearing the daily highs around 1.3470 despite geopolitical tensions and escalating oil prices.",
  "summary": "Chris Turner at ING argues EUR/USD should be performing better given solid Eurozone data, lower Oil prices and Japanese US Dollar (USD) selling, but notes possible US activity in EUR/JPY as a short-term drag.",
  "key_points": [
    "ING analyst Chris Turner expects EUR/USD to outperform current levels.",
    "Fed's September decision and US economic data will determine EUR/USD trend.",
    "US Treasury's euro-denominated FX reserves and Tokyo's FX activity may impact EUR/USD."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "British Pound weakens below 1.3450 as US-Iran uncertainty boosts safe-haven US Dollar",
        "url": "https://urgent.news/2026/08/04/british-pound-weakens-below-1-3450-as-us-iran-uncertainty-boosts-safe",
        "published": "2026-08-04T01:30:39.000Z"
      }
    ]
  },
  "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."
}