DXY to pop through 104.50 towards 105.00 – ING
Source Fxstreet
The US Dollar (USD) is no rush to sell off, economists at ING say.
Short-dated interest rate differentials are moving in favour of the Dollar
As we head into the end of the quarter, one of the defining narratives remains the normalisation of monetary policy in the G10 space and the current signals that the Fed may be a late arrival. This follows last week's rate cut in Switzerland, Wednesday's Riksbank meeting near-promising a rate cut in May or June, and comments from the RBNZ Governor that New Zealand was preparing to normalise policy. As a result, short-dated interest rate differentials are moving in favour of the Dollar.
It is hard to speculate against the Dollar in the G10 space, and barring any significant quarter-end rebalancing, it feels like the greater risks are DXY popping through 104.50 towards 105.00.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana founder Anatoly Yakovenko has binned the narrative that SOL is an Ethereum killer. It is okay for the two technologies to have overlapping features and compete.
Hidden Bullish Divergence Appears On Dogecoin Price Chart, Here’s What To Expect NextA hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
A hidden Bullish Divergence pattern has just been identified on the Dogecoin price chart, signaling possibilities of a significant uptrend. With this new technical pattern, a crypto analyst has projected a target of $0.7 for the Dogecoin price.
OKX, one of the largest cryptocurrency exchanges by trading volume, is preparing to go public in the United States.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Related Instrument
