0945 GMT - The euro has risen 7% since May, but ING now sees EUR/USD between $1.15 and $1.20. EUR/USD is down 0.2% at $1.1802. The reason the euro is likely to trade in this range is that it’s gotten stronger than what the European Central Bank would probably want it to be. “The ECB must have been expecting a stronger EUR this summer, but not this strong,” says ING. So, the central bank is likely to give little signs of a bong-buying tapering and downgrade inflation forecasts at the September 7 meeting, says ING....

Source: Wall Street Journal August 14, 2017 06:08 UTC