On April 27, ING analyst Chris Turner highlighted in a report that if the European Central Bank (ECB) maintains its interest rates unchanged on Thursday but indicates a high likelihood of a rate hike in June, the euro should find support near its current level. According to Jin10, Turner noted that the risk of stagflation, characterized by weak growth due to the Iran war combined with high inflation, has started to appear in European data. He emphasized that the ECB needs to send a strong signal that a rate hike is under consideration. Turner warned that if the ECB shows any signs of ignoring the inflation surge driven by rising energy prices, the euro could be adversely affected.