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- Dollar to stay largely bid into Friday's Jackson Hole – ING
Dollar to stay largely bid into Friday's Jackson Hole – ING
US Dollar Index declines toward 103.00. Economists at ING analyze USD outlook.
DXY very comfortable within the 102.70-103.70 range
There is only second-tier US macro data today, but with US Treasury yields continuing to push higher, headwinds to the equity rally are growing, and temporarily parking funds in the Dollar paying 5.30% in overnight rates doesn't seem like a bad idea.
We expect the Dollar to stay largely bid into Friday's Jackson Hole speech from Fed Chair, Jay Powell.
DXY looks very comfortable within the 102.70-103.70 range.
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