USD Index to trade 101.00-102.00 near term – ING

FXStreet Insights Team FXStreet

The Dollar is proving quite resilient. Economists at ING analyze USD outlook.

Dollar can probably trade out ranges over coming weeks

Cross-market volatility remains low – perhaps as investors are now expecting prolonged pauses in core interest rate markets. This remains a negative for the Japanese Yen and a positive for the high yielders including the Mexican Peso and the Hungarian Forint. The dollar is probably trapped somewhere in the middle here and unless we see some sharp deterioration in US activity that would favour the Fed not just pausing, but easing – the Dollar can probably trade out ranges over coming weeks.

DXY to trade 101.00-102.00 near term.

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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