Euro Parity Back in Play as Trump Win Spurs Rates Divergence [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
European interest-rate cuts that drive the common currency toward parity with the dollar. Most Read from Bloomberg Paris Restricts Through Traffic in City Center From Housing to Immigration, Key Ballot Initiatives and Local Races to Follow Istanbul Tries Free Public Transit to Help Job Seekers ABN Amro Bank NV and ING Groep NV predict one euro could buy one dollar in the coming months. Mizuho Financial Group Inc. and Deutsche Bank AG are among those lowering their forecasts closer to parity, anticipating the euro-dollar pair will slide to 1.03 and 1.05, respectively, by year-end. Differing trajectories on interest rates in Europe and the US are forcing strategists to reconsider their predictions. While Trump's policies are seen as fueling inflation and curbing the Federal Reserve's ability to cut rates, his promise of global trade tariffs could crank up the pain for Europe's sputtering economy, requiring steeper easing by the European Central Bank. “With the Fed raising
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