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fxJul 14, 2026, 12:28 PM

ING: EUR/USD Rate Differential Supports Euro Amid Gulf Tensions

ING strategist Francesco Pesole notes that the EUR/USD short-term rate differential is currently supporting the Euro as Gulf tensions rise, aided by a recovery in EUR front-end rates.

EURUSD

ING strategist Francesco Pesole argues that the EUR/USD short-term rate differential is currently supporting the Euro amid rising Gulf tensions.

The support is strengthened by a recovery in EUR front-end rates. However, Pesole warns that an energy shock could put this rate support at risk against the US Dollar.

Source: FXStreet Forex News