Articles
17 October 2025 

Watch: Why the US dollar is set to fall further

The US dollar has been on the back foot and we think it'll weaken further in the coming months. ING's Chris Turner explains just what's going on.

Read much more about our currency calls in our latest FX Talking here

Why the US dollar is set to fall further

There are some fundamental weaknesses in the US dollar, and we're expecting it to hit 1.20 against the euro by Christmas – it hasn't been that low for four years. ING Research Head of Markets, Chris Turner, says there is real concern about the enduring strength of America’s economy, and we're expecting more Fed interest rate cuts this year and in early 2026.

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