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April 23, 2025

EUR USD Set to Surge to 1.20 if Powell Exits, Claims ING

Analysts at ING highlight that fears around U.S. economic growth and diminishing confidence in the dollar as a safe-haven currency have caused substantial fluctuations. Recently, the Euro to Dollar (EUR USD) exchange rate surged to three-year highs above 1.1550 before facing a correction. The potential exit of Fed Chair Powell might trigger the EUR USD to rise significantly, making it essential for traders to strategize their positions in anticipation of this scenario.

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