- Analytics
- News and Tools
- Market News
- The US Dollar looks more likely to stabilise than stage another rally – ING
The US Dollar looks more likely to stabilise than stage another rally – ING
The US Dollar (USD) has declined at the start of this week. Economists at ING analyze Greenback’s outlook.
There are no scheduled Fed speakers today
There are a couple of data releases to watch in the US today after a good Chicago Fed Activity index print, soft manufacturing figures (Dallas Fed index) and lower-than-expected new home sales on Monday. Durable Goods Orders for February are expected to rebound after January’s decline, and the Conference Board consumer confidence is seen stabilising after printing 106.7 in February.
There are no scheduled Fed speakers today, but equity markets seemed to react negatively to Monday’s comments by Raphael Bostic, who reiterated his expectation for only one cut this year and stressed the risks of easing too early. Interestingly, the Dollar did not benefit from the remarks, and we suspect that while a core PCE at 0.3% month-on-month (our call and consensus) on Friday shouldn’t do much to encourage dovish bets, the Dollar looks more likely to stabilise than stage another rally at this point.
© 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
