US Dollar Index to simmer an attack to the 100 level over coming days/weeks – ING
|Financial markets seem calmer this Wednesday despite the continuing tragedy in Ukraine. The US Dollar Index closed in negative territory on Tuesday and was last seen posting small daily losses below 99.00. Economists at ING expect DXY to consolidate before making a push to 100.
Consolidation comes through, but dollar to stay bid on dips
“Expectations for the Federal Reserve tightening cycle have remained quite robust and we would continue to back the dollar over coming months, where not only energy independence and liquidity support it – but also widening interest rate differentials.”
“DXY looks to be consolidating before making a push to 100 over the coming days/weeks.”
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.