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
During the Asian session on May 26, gold prices ( XAUUSD) weakened under pressure after briefly touching the $4,580 resistance level, maintaining a weak trend intraday and potentially ent
Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).
Here is what you need to know on Monday, May 25:
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
Related Instrument
