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    US Dollar Index: 102.75-103.75 looks the near-term range – ING

    Source Fxstreet
    Jan 25, 2024 08:59

    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.
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