ING Bank: If long-term yields rise further, the euro may depreciate

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ME News Report, May 18 (UTC+8), ING analyst Chris Turner stated in a report that if long-term government bond yields in the Eurozone continue to rise, the euro could face pressure. He said: “High energy prices and the currently rising long-term interest rates are a drag on economic growth.” He indicated that the European Central Bank ignoring the risk of a temporary surge in inflation could hurt long-term bonds. Therefore, the ECB needs to continue signaling the possibility of rate hikes. Any further sell-off of long-term bonds would push the euro against the dollar down to 1.1570. (Source: Jin10)

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