Dollar will hold gains in a sell-off in equity markets – ING
Equities are under pressure. Economists at ING analyze FX correlations with stock performance.
Equity markets are looking increasingly vulnerable
Equity markets are looking increasingly vulnerable as the risk-free rate rises and as businesses are finding their margins under pressure.
A turn lower in core equity markets would like to keep the activity currencies under pressure and the Dollar bid.
A risk-off tone should keep the US Dollar Index (DXY) bid towards the top of its 106-107 range.
See: EUR/USD to pressure support at 1.0500 – ING
Reprinted from FXStreet_id，the copyright all reserved by the original author.
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.