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
Sei is a new Layer-1 public chain, and the launch of its token SEI can create new opportunities.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
The dollar weakened, equities fell, and gold set new records on Wednesday as investors waited for a Fed rate cut later in the day.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Impacted by signs of easing geopolitical risks in the Middle East, international gold prices (XAUUSD) rebounded sharply after previously falling to the $4,100 level, at one point climbing
Related Instrument
