ING: The blockade of the Strait of Hormuz remains the deadlock of the foreign exchange market

```htmlGolden Ten Data reported on March 31 that Chris Turner of ING stated that after The Wall Street Journal reported that Trump is willing to halt U.S. attacks on Iran, the euro's gains against the dollar may be limited. In his report, he pointed out that if there is further news of de-escalation from Washington, the euro may see a modest rise. In addition, if the subsequent U.S. consumer confidence data turn out to be weak, it could push the euro up to 1.1550. However, Turner believes that until energy can freely flow through the Strait of Hormuz again, investors may not have the confidence to bet on a stronger euro.```