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Euro Fails to Gain from Oil Decline as Markets Price 34% Probability of Fed Rate Hike on Wednesday

Forex Commodities

2026-07-28 09:07:20

ING2.01%

According to ING analyst Chris Turner, on July 28, the euro failed to gain significant support from the recent oil price decline as markets prepare for a potential Federal Reserve rate hike on Wednesday. London Stock Exchange Group data showed markets are pricing a 34% probability of a rate increase at the upcoming policy meeting.

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