[ING: The Impact of the Federal Reserve Meeting on Euro Exchange Rates May Exceed That of the European Central Bank] Jin10 Data, June 12 – ING analyst Chris Turner stated that, for the EUR/USD trend, the Federal Reserve's upcoming policy meeting may be more significant than the European Central Bank's rate hike decision on Thursday. The European Central Bank has already signaled further rate hikes, with market speculation suggesting another hike could occur in July. However, he noted that since the market has already priced in the ECB's aggressive tightening cycle and is reluctant to further elevate these expectations, the EUR/USD exchange rate remains below 1.16. Additionally, the market anticipates that the Federal Reserve may raise rates later this year. He stated that unless the Federal Reserve refutes this expectation at Wednesday's meeting, the dollar should remain strong.