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G10 FX Talking: Time to back the hawkish central banks

April 17, 2026
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Posted 2 hours ago by

With inflation expected to rise sharply over the next three to six months, currency trends will increasingly be determined by those central banks prepared to keep real interest rates tight. We now expect an ECB hike in June and tightening in Australia and Norway. We doubt the Fed will be dragged into a tightening cycle and expect the dollar to soften

ING Think
ING Think

Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.

Netherlands
Bias: center

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