DXY to stay bid in the 106-107 range this week – ING
|The US Dollar Index strengthened by 3.2% in the third quarter. Economists at ING analyze DXY outlook.
Settling into a stronger Dollar
Given that long-dated US yields have been a big driver of the Dollar over recent weeks, perhaps a more settled week for the bond market means that the USD can just consolidate at the highs.
We note next week sees US three, ten and thirty-year US Treasury auctions and could be the next big driver for yields – assuming no major surprises from Friday's US jobs report.
DXY should probably stay bid in the 106-107 range this week.
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