USD Index to stay on the back foot – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The US Dollar is having a difficult time finding demand with the US Dollar Index trading flat slightly above 102.00. Soft US consumer sentiment and softening inflation expectations should keep the Dollar bias bearish today, in the view of economists at ING.
“It is a quiet day for US data, and a soft University of Michigan consumer sentiment plus declining inflation expectations can keep the Dollar on the back foot.”
“With USD/JPY expected to stay under pressure into next Wednesday’s Bank of Japan meeting, the DXY can stay biased to the 102.00 area near term.”
[/s2If]
Join Our Telegram Group
