USD INDEX: CONSOLIDATION AHEAD OF FRIDAY’S NFP – ING
The Dollar is consolidating near recent highs. Economists at ING expect a quiet session ahead of tomorrow's February US jobs release.
DXY could push up to 107.80
“Expect US Dollar Index (DXY) to stay supported into the US Nonfarm Payrolls tomorrow.”
“We doubt the Dollar will turn substantially lower ahead of the 22 March FOMC meeting and indeed there is an outside risk that DXY could push up to 107.80 were US February activity and price data not to slow as much as expected.”
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