- Analytics
- News and Tools
- Market News
- USD to weaken, but not a straight-line depreciation – ING
USD to weaken, but not a straight-line depreciation – ING
The Dollar weakened on the back of the moderate dovish surprise by the Fed yesterday. Economists at ING expect the US Dollar to come under more pressure.
Market’s pricing and the Dollar will remain a function of banking stress
“With a market not trusting the more ambiguous Fed communication and the US regional banking crisis far from resolved, it looks like investor bias on the Fed may stay on the dovish side. This should translate into a continued bearish bias for the Dollar, primarily against European currencies should the stabilisation in European sentiment continue.”
“Still, we see a high chance of seeing small USD upside corrections on the way, rather than a straight-line USD depreciation.”
© 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
