A back up in short-term rates could frustrate Dollar bears in the near term – ING
Source Fxstreet
The consensus view in 2024 is that the Dollar will decline. Economists at ING agree but with some caveats.
Back up in short-term rates is a Dollar positive
We sympathise with the increasing consensus view that the Dollar will trend lower in 2024. However, we think markets are wrong to price Fed rate cuts as soon as March, and a rebound in short-dated USD yields could give the Dollar breathing room in the near term.
The kind of rangebound trading seen so far in January may be the norm for a bit longer in G10.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Here is what you need to know on Friday, May 29:
Understand how the Strait of Hormuz shock moved markets, and what CFD traders watched next.
Discover the best Japanese stocks to buy, including AI semiconductor leaders, Buffett-backed trading houses, and undervalued Japan stocks benefiting from corporate reforms and yen trends.
West Texas Intermediate (WTI) oil price extends its losses for the third successive day, trading around $87.20 per barrel during the Asian hours on Friday.
On May 27, Bloomberg reported that copper trading activity has intensified as market expectations of potential copper tariffs under a Trump administration heat up, prompting traders to sh
Related Instrument
