fxs_header_sponsor_anchor

News

USD to weaken, but not a straight-line depreciation – ING

The Dollar weakened on the back of the moderate dovish surprise by the Fed yesterday. Economists at ING expect the US Dollar to come under more pressure.

Market’s pricing and the Dollar will remain a function of banking stress

“With a market not trusting the more ambiguous Fed communication and the US regional banking crisis far from resolved, it looks like investor bias on the Fed may stay on the dovish side. This should translate into a continued bearish bias for the Dollar, primarily against European currencies should the stabilisation in European sentiment continue.”

“Still, we see a high chance of seeing small USD upside corrections on the way, rather than a straight-line USD depreciation.”

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.