USD Index: 103.30 could be the risk today if European PMIs surprises on the upside – ING
Source Fxstreet
The US Dollar Index has dipped below 104.00. Economists at ING analyze DXY’s outlook.
DXY to trade in tight/slightly softer ranges barring a big jump in US initial claims
For today, we note the slightly better investment environment propelled by stellar earnings from Nvidia. We note here as well that Japan and Korea have high-end chip industries too and suspect that the Yen and Won will be a lot stronger later this year.
Barring a a big jump in US initial claims today expect DXY to trade in tight/slightly softer ranges and the bigger impetus to come out of Europe today.
DXY is currently on support at 103.80 and were European PMIs to surprise on the upside, 103.30 could be the risk today.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The crypto market structure bill has encountered opposition led by Coinbase and is currently stalled, but it is expected to eventually pass and propel the crypto market forward.According
Bitcoin breaks above $97,000 as crypto kicks off first major rally of 2026Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
Cryptocurrency markets are experiencing the first major rally of 2026. Bitcoin reached a high of over $97,000, and Ethereum edged close to $3,400 on Wednesday afternoon. Some analysts predict this is part of a larger bullish trend. Cryptocurrency markets appear to be coming out of hibernation as Bitcoin and key altcoins reach price levels not […]
XRP “super cycle” chatter faces a weekly SuperTrend sell signal, with XRP down 2% to $2.07 over the past week even as broader crypto markets tick higher.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
AUD/USD holds ground near 0.6700 due to cautious RBA toneAUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
AUD/USD moves little after two days of gains, hovering around 0.6700 during the Asian hours on Friday. The pair steadies as the Australian Dollar (AUD) receives support amid cautious sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.
Related Instrument
