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- USD to stay bid across the board – ING
USD to stay bid across the board – ING
In the US, we heard some slightly less hawkish comments by Fed officials on Monday. However, economists at ING still expect the greenback to outperform its rivals.
Dismissing slightly less hawkish tone by Brainard
“Two of the most ‘dovish’ members of the FOMC – Lael Brainard and Charles Evans – seemed to suggest a higher caution over excessive tightening, while still reiterating the commitment to fight inflation. There is still little doubt among market participants that the overall consensus within the FOMC is firmly hawkish, and that a 75 bps hike in November should not be particularly challenged by doves.”
“We continue to see the general market narrative as predominantly dollar-positive for now, and expect the 114.76 DXY late-September highs to be tested in the coming days.”
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