- Analytics
- News and Tools
- Market News
- US Dollar Index to oscillate around the 107.00-109.00 area this week – ING
US Dollar Index to oscillate around the 107.00-109.00 area this week – ING
Markets remain risk-positive at the beginning of the week and the greenback is having a tough time finding demand. Economists at ING expect the US dollar to consolidate around current levels this week.
Consolidation time?
“We see no reason for markets to doubt their 75 bps conviction call for July, and that should continue to put a floor under the dollar in the near term.”
“Expect the large majority of dollar moves this week to be linked to swings in global risk sentiment driven by non-US developments.”
“We could see some consolidation around current levels in the dollar this week, with DXY oscillating around the 107.00-109.00 region although the balance of risks remains tilted to the upside given the numerous threats to the global outlook.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
