European Central Bank policymakers could provide some support to the euro if they keep alive the prospect of interest rate rises at the ECB's forum in Sintra, Portugal from Monday to Wednesday, ING's Francesco Pesole says. "The preference emerging from the many ECB speakers this week may well be to keep markets leaning toward a hawkish bias so that inflation expectations remain in check," he says in a note. ING expects another rate rise in September. While the euro faces a hit from any renewed dollar appreciation, ECB rate rise signals should limit losses, he says. The euro rises 0.1% to $1.1399. ING sees the euro remaining above $1.1300 with a gradual recovery towards $1.1500 in July. (renae.dyer@wsj.com)
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ECB Could Cement Rate Rise Bets at Sintra, Supporting Euro — Market Talk
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European Central Bank policymakers could provide some support to the euro if they keep alive the prospect of interest rate rises at the ECB's forum in Sintra, Portugal from Monday to Wednesday, ING's Francesco Pesole says. "The preference emerging from the many ECB speakers this week may well be to…