ING: The euro resumed consolidation after a rebound, with the market focused on Germany and Ukraine

On March 10, Chris Turner, an analyst at ING, said in a report that the euro began to consolidate against the dollar after rebounding last week, as the market waited for news about Germany’s fiscal policy and peace talks with Ukraine. A key focus, he said, is whether German Chancellor-designate Merz’s €500 billion infrastructure fund can be approved by parliament. He is in discussions with the Greens, and the lower house of the German Bundestag is expected to vote on the measures on March 18. “This week’s headlines about whether the Greens are working together could trigger some volatility in the euro,” Turner said. ”