Report published June 30, 2026
FX Daily: No Doves In Sintra – ING Market Update (30 June 2026)
ING · June 30, 2026
This report details the fading bullish momentum of the US dollar ahead of upcoming economic data and central bank communication. It also highlights the neutral stance of the ECB and concerns regarding potential currency intervention in the JPY.
Read the remaining 3 pages
Finvaulta summarizes ING's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The dollar's bullish momentum is fading ahead of US data releases and upcoming central bank speeches.
- 2.ECB President Lagarde's remarks in Sintra have been measured, leaving market rate hike expectations unchanged.
- 3.USD/JPY is trading in intervention territory, with markets wary of potential Japanese authority action.
Table of Contents
- USD: Momentum keeps fading into key data and Warsh
- EUR: Sintra unlikely to rock the euro
- JPY: Into the intervention zone
- PLN: Inflation to test dovish pricing and FX resilience
Report data
Yesterday marked the opening of the ECB’s annual forum on central banking in Sintra, Portugal
| Metric | Estimate | Context |
|---|---|---|
| Consumer Confidence | 97.5 index | US macro forecast |
| JOLTS Job Openings | 7.25 millions | US macro forecast |
Reports in this series
FX Daily is shown in chronological order through this edition, published on June 30, 2026.
Part of the FX Daily series — view all 70 editions
Looking for the latest edition? ING Think fx daily french risk keeps harming ecb hawks (Oct 6, 2026)
Access the full report
And others from the leading tier 1 banks.
Free account: read previews and a daily allowance of full reports. Pro removes the daily limit.
Authors / Editors
Related Reports
German Industry Picked up Steam in August
October 7, 2026
Czech Inflation Begins Its Climb to the Top
October 6, 2026
Euro Credit Supply: Issuance Surges in September
October 6, 2026
Europe's Pitch Book: Why Trade Troubles Could Be the Nudge Europe Needs
October 6, 2026
Industrial Weakness Increases the Risk of Stagnation in France
October 6, 2026