15:30 - 15.06.2026
June 15, Fineko/abc.az. While easing geopolitical friction in the Middle East has injected cautious optimism into global markets, stubborn US inflation and a hawkish Federal Reserve continue to insulate the greenback against global peers.
According to ABC.AZ, tracking the June 15 briefing issued by ING currency strategists, the highly anticipated global dollar decline has officially been pushed back:
The Inflation Geni is Out: Commenting on the US-Iran diplomatic breakthroughs, ING noted that it remains highly questionable whether the move will trigger a structural crash in energy prices. The firm stated: "The inflation genie is out of the bottle, and very few central banks can ignore this ongoing shock."
Fed Policy Driving Cyclical Surge: Backed by a resilient US labor market, inflation holding above the 4% mark, and shifting investor expectations toward further Federal Reserve monetary tightening, the dollar's cyclical bounce is projected to extend well into the third quarter.
Postponed to 2027: Strategists concluded that structural relief for secondary currencies is off the immediate table: "The eagerly awaited dollar decline now looks to be delayed until 2027." Furthermore, ING projects that even if the European Central Bank (ECB) hikes rates in July or September, the EUR/USD pair could see a short-term drop toward the 1.13–1.14 range.
