Bracing for Dollar strength in the aftermath of the FOMC minutes – ING
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Another quiet trading session saw the Dollar grind higher yesterday. Today, economists at ING expect the USD to get a boost after the FOMC minutes.
“The highlight of today’s session will be the release of the Fed minutes. It seems too early for the Fed to countenance easing – suggesting the Dollar will hold recent gains.”
“And with EMFX on the back foot – e.g. USD/CNH trading up to 7.06 – we think this dollar correction could have a little further to run.”
“We would be bracing for Dollar strength in the aftermath of the FOMC minutes.”
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