Francesco Pesole: Euro expected to fall to $1.1380 in the short term

According to Golden Jubilee Data, analyst Francesco Pesole from Dutch International Group stated that even if the European Central Bank hints at a rate hike in September, it will be difficult to prevent the euro from falling in the coming days. Due to the insufficient response of the foreign exchange market to the risk of the Middle East conflict, Dutch International Group holds a bearish view on the euro in the near future, and expects the euro to fall to around $1.1380 in the coming days.