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- USD Index to consolidate around current levels – ING
USD Index to consolidate around current levels – ING
The trade-weighted dollar remains close to its highs. Economists at ING expect the greenback to see a consolidation phase around the current level.
Dollar corrections should prove short-lived
“As long as the Fed retains its hawkish stance (we suspect well into 2023), dollar corrections should continue to prove short-lived.”
“We expect a consolidation in the dollar around current levels, and retain a bullish view on the greenback into year-end.”
See – Fed: Another 75 bps rate hike in November looks a done deal – ABN Amro
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