Dollar to hold gains into Fed meeting next week – ING
|Economists at ING discuss USD outlook.
Dollar will embark on a cyclical bear trend in 2H23
For the near term, it looks like the Dollar can hold the majority of its recent gains into next Wednesday's FOMC meeting – though the release of the US May CPI next Tuesday will be a big market driver too.
Our bigger picture call remains that the Dollar will embark on a cyclical bear trend in 2H23 – probably starting in 3Q – though the risk is that this gets delayed.
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.