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- US Dollar Index to climb towards the top of five-year range at 102/102.50 – Credit Suisse
US Dollar Index to climb towards the top of five-year range at 102/102.50 – Credit Suisse
Economists at Credit Suisse maintain a core and long-held bullish outlook from September/October last year and look for the US Dollar Index (DXY) to strengthen further to 100/100.04 next and eventually the top of the five-year range at 102/102.50.
Support at 97.71 ideally holds to maintain an immediate bullish bias
“The DXY remains well supported and we maintain our core bullish outlook for the 78.6% retracement at 100.00/04 next, which we look to cap at first.”
“Big picture, we continue to look for a move to the top of the five-year range at 102.00/102.50.”
“Support at 97.71 now ideally holds to maintain an immediate bullish bias. Below can see a deeper setback to the 55-day average at 96.74, but with fresh buyers expected here.”
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