ING Forecast: Powell Exit Would Trigger a EUR/USD Jump to 1.20

  • Foreign exchange analysts at ING note that US growth fears and a loss of confidence in the dollar as a safe-haven asset have undermined the currency, with the Euro to Dollar (EUR/USD) exchange rate surging to 3-year highs above 1.1550 before a correction. If Trump manages to push Fed Chair Powell out of office, the bank expects EUR/USD.