High beta currencies look vulnerable in the short run – ING
Source Fxstreet
Feb 23, 2024 10:49
Economists at ING suspect high-beta currencies are at risk of corrections.
Room for a DXY stabilisation around 104.00 or a rebound already today
We believe high-beta currencies are looking expensive in the very short run. The prospect of unstable risk sentiment and a Dollar leg higher ahead of next week’s PCE points to downside potential.
Today, the US calendar includes the Conference Board's Consumer Confidence indicator, which is expected to have plateaued in February. We see room for a DXY stabilisation around 104.00 or a rebound already today as risk sentiment softens.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
FX option expiries for May 6 NY cut FX option expiries for May 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0650 975m 1.0700 1.2b 1.0715 461m 1.0750 1.3b 1.0800 825m - GBP/USD: GBP amounts 1.2535 322m - USD/JPY: USD amounts 153.00 1.2b 154.00 1.7b 155.40 500m - USD/CHF: USD amounts 0.9200 722m - AUD/USD: AUD amounts 0.6500 624m 0.6540 492m 0.6600 489m 0.6610 502m 0.6625 1.7b - USD/CAD: USD amounts 1.3900 1.0b .
FX option expiries for May 6 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0650 975m 1.0700 1.2b 1.0715 461m 1.0750 1.3b 1.0800 825m - GBP/USD: GBP amounts 1.2535 322m - USD/JPY: USD amounts 153.00 1.2b 154.00 1.7b 155.40 500m - USD/CHF: USD amounts 0.9200 722m - AUD/USD: AUD amounts 0.6500 624m 0.6540 492m 0.6600 489m 0.6610 502m 0.6625 1.7b - USD/CAD: USD amounts 1.3900 1.0b .
FX option expiries for Mar 8 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
FX option expiries for Mar 5 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
Related Instrument
