{
  "id": 9105884,
  "title": "Euro: Fair value drop points to downside against US Dollar – ING",
  "url": "https://urgent.news/2026/09/22/euro-fair-value-drop-points-to-downside-against-us-dollar-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T07:15:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-fair-value-drop-points-to-downside-against-us-dollar-ing-202609220715"
  },
  "original_language": "en",
  "account": "ING analyst Francesco Pesole reveals that the EUR/USD exchange rate has slipped below 1.150, according to the bank's 60-day model, driven primarily by equities and rate differentials rather than oil prices. He anticipates only one more rate hike from both the ECB and Fed this year, projecting EUR/USD to reach 1.160 by year-end. However, short-term risks may push the rate back to the 1.1320-1.1330 range observed in June. The widening spread between two-year SOFR and ESTR, now at 150 basis points, indicates a reversion to levels seen in July. European Central Bank officials have remained hawkish, with October hikes on the table, yet investors are increasingly accepting a more negative outlook.",
  "summary": "Francesco Pesole at ING highlights that EUR/USD short-term fair value from the bank’s 60‑day model has fallen below 1.150, with equities and rate differentials driving moves more than Oil.",
  "key_points": [],
  "editors_take": null,
  "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."
}