22:00 - 4.06.2026

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June 4, Fineko/abc.az. A report prepared by strategists at the international financial group ING notes that against the backdrop of strong economic indicators in the US and tensions between the US and Iran, the position of the US dollar continues to strengthen.

ABC.AZ reports that the analysis, co-authored by Frantisek Taborsky, Francesco Pesole, and Chris Turner, emphasizes that it is extremely difficult to counter the dollar's strengthening trend at this stage.

The main forecasts and indicators outlined in the report include:

• Dollar Index (DXY): A strong ADP private sector employment report, the Institute for Supply Management (ISM) Services PMI, and investor flight from risks in global markets are fueling the dollar. It is predicted that if no positive news emerges from the Middle East in the coming days, the dollar index could reach the 100-point mark. The DXY is currently trading at 99.44 points.

• European Central Bank (ECB) Measures: The ECB is expected to raise its deposit rate by 25 basis points at its meeting on June 11. According to strategists, the regulator will maintain a "hawkish" (tight) stance to keep inflation expectations anchored.

• Currency Pair Forecast (EUR/USD): Highlighting high risks in the current geopolitical environment, experts suggest that if tensions in the Persian Gulf region do not ease, the euro-to-dollar exchange rate (EUR/USD) could drop to the 1.15 level even before the ECB announces its decision.