USD INDEX TO STAY BID IN THE 104.00 TO 104.60 RANGE – ING
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: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.