Euro: Softer CPI may unlock 1.1600 against US Dollar – ING

Euro: Softer CPI may unlock 1.1600 against US Dollar – ING

Source: EODHD - https://www.fxstreet.com/news/euro-softer-cpi-may-unlock-11600-against-us-dollar-ing-202608101358
Published: Aug 10, 2026 9:58 AM

ING’s Francesco Pesole notes that with key Eurozone data behind and European Central Bank (ECB) communication subdued, EUR/USD is now driven mainly by the United States (US) side.

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.