Euro Plummets 1% Against Dollar Amid ECB Tightening Fears

The Euro to US Dollar exchange rate (EUR/USD) experienced a near-1% weekly decline, finishing Friday at 1.1486.

This drop has left the Euro exposed to further Dollar gains, although both banks see ECB tightening limiting the decline.

ING warned of a possible test of 1.1400, but cautioned against chasing EUR/USD lower too aggressively due to hawkish ECB commentary.

Crédit Agricole's December forecast is lower at 1.13, extending to March 2027 before a gradual recovery later that year.