ING Forecast: Dollar Erosion Rather than a Slump EUR/USD 1.20 by late 2026

  • The US dollar has been subjected to renewed selling this week with the Euro to Dollar (EUR/USD) exchange rate surging to 43-month highs at 1.1630 before edging back below the 1.16 level. ING expects the dollar will remain at risk, although EUR/USD gains should still be measured with the pair trading towards the top of a 1.15-1.20 range by.