- Analytics
- News and Tools
- Market News
- US Dollar Index could extend its rebound to the 103.50/104.00 area – ING
US Dollar Index could extend its rebound to the 103.50/104.00 area – ING
Economists at ING expect the US Dollar to remain supported amid the crisis over raising the debt ceiling.
Tentative debt-limit progress not enough to lift sentiment
“Debt-limit negotiations in Washington yielded a more conciliatory tone, but not enough tangible progress to keep markets away from their defensive Dollar positions. This may not change for now.”
“The Dollar is seeing a new round of strengthening and we think that there is still room for appreciation until we get clearer indications that the two sides have gotten closer on core issues when it comes to debt-limit negotiations.”
“We still suspect the lingering uncertainty will prompt markets to favour defensive trades, and DXY could extend its rebound to the 103.50/104.00 area by the end of the week.”
© 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
