Euro Could Break Above $1.20 Next Year

ING's prediction that the euro could surpass $1.20 next year reflects a broader trend in currency markets, where the dollar has shown signs of weakness. This decline in the dollar's strength may be influenced by fiscal concerns in the U.K. and France, as noted by Macquarie strategists, who suggest that these issues could bolster the dollar by year-end. Additionally, the ongoing assessment of the U.S. government shutdown may also impact currency dynamics, as traders navigate these uncertainties in the Asian trading session.