ING International: Improving risk appetite boosts euro Whether the rally can be sustained depends on equities

Francesco Pesole, currency analyst at ING Bank, said in a report that the euro rose to a one-week high against the US dollar EUR/USD as risk appetite improved. Whether the euro’s rally can be sustained will depend on whether the stock market continues to rise. “Today’s EUR/USD EUR/USD move will largely depend on whether Western stock indices can maintain the positive sentiment shown by Asian equities and foreign exchange markets,” he said. "European equities edged higher after the open, but were flat for most of the time. According to FactSet data, EUR/USD EUR/USD touched as high as 1.0918.