Euro: Elusive recovery prospects against US Dollar – ING

Euro: Elusive recovery prospects against US Dollar – ING

Source: EODHD - https://www.fxstreet.com/news/euro-elusive-recovery-prospects-against-us-dollar-ing-202610091136
Published: Oct 09, 2026 7:36 AM

Francesco Pesole at ING observes that EUR/USD has moved back above 1.120 on Dollar softness, but the Euro still struggles against other European currencies as markets keep pricing a French fiscal premium. He argues that French political and bond-market risks may persist, and ING still sees scope for EUR/USD to test the 1.110/1.112 area in the near term.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.