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- USD Index: 102/103 appears to be the holding-pattern range at the moment – ING
USD Index: 102/103 appears to be the holding-pattern range at the moment – ING
US Dollar Index continues to push higher following Thursday's rebound. Economists at ING analyze DXY outlook.
Focus will be on PMIs across developed countries today
Data-wise, the focus will be on PMIs across developed countries today. While being of secondary relevance to the ISM in the US, we can see some higher-than-normal market impact given the elevated market sensitivity to data at this juncture.
102/103 appears to be the holding-pattern range for DXY at the moment and we could see that hold into next week.
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