EURUSD OUTLOOK // WSJ // INFO ONLY
The dollar is likely to weaken in the second half of the year as U.S. inflation and economic activity data decelerate and the Federal Reserve acknowledges these broad trends, ING says. EUR/USD looks set to rise to 1.15 by year-end from 1.0924 currently, ING analyst Chris Turner says in a note. "The path to a weaker dollar will be a bumpy one and could easily get blown off course should banking stress return or other challenges emerge--such as a U.S. debt ceiling crisis in the third quarter." (renae.dyer@wsj.com)
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