US Dollar Index: 102.75-103.75 looks the near-term range – ING
Source Fxstreet
FX markets continue in their slightly risk-averse mode. Economists at ING analyze US Dollar’s outlook.
Rangebound trading is the order of the day
We continue to see a very mixed investment environment and one in which conviction views can be dangerous.
European FX markets will today be monitoring how US asset markets react to the news that the Fed will not be renewing its Bank Term Funding Program. US regional banks will be in focus here.
We think rangebound trading is the order of the day, with little follow-through should the Dollar look particularly bid or offered.
102.75-103.75 looks the near-term DXY range.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Bitcoin price targets remain bearish as it struggles near multi-month lows, influenced by historical bear market trends.
Crypto analyst Scott Melker identifies a prime risk/reward setup for XRP as it tests key support at $1.60, offering a tight stop-loss against potential upside targets near $2.00.
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
Related Instrument
