USD Index to stay bid in the 104.00 to 104.60 range – ING
Source Fxstreet
US Dollar (USD) holds steady with the USD Index (DXY) moving sideways near 104.00. Economists at ING analyze Greenback’s outlook.
Dollar to trade on the firm side heading into Friday's US CPI benchmark revisions
We suspect the Dollar will continue to trade on the firm side heading into Friday's US CPI benchmark revisions – but the Dollar could sell off afterwards and risk assets could rally, should these revisions not upset the US disinflation story.
We doubt the US initial clams will be a big market mover today and can see DXY staying bid in the 104.00 to 104.60 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.
US Bitcoin spot exchange-traded funds (ETFs) have seen more inflows this year so far compared to the same point in 2024, according to data.
The Gold price (XAU/USD) attracts some sellers to near $3,390 during the early Asian session on Monday.
The Institute for Supply Management (ISM) is scheduled to release the August Manufacturing Purchasing Index this Tuesday.
The Gold price (XAU/USD) gains momentum to near $3,645 during the early Asian session on Thursday.
Related Instrument
