The US Dollar has room to recover in the coming days – ING
Source Fxstreet
Economists at ING continue to see short-term upside potential for the US Dollar (USD).
DXY to return above the 103.00 mark by the end of this week
We think the Dollar has room to recover in the coming days. At the same time, we must admit that markets have displayed an asymmetrically dovish reaction function to US data, and today’s releases – February retail sales, PPI and jobless claims – can all add pressure to the Dollar should they print on the soft side.
Our call remains for a return of DXY above the 103.00 mark by the end of this week, with further short-term upside potential unless US data softens.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
Related Instrument
