OCBC Bank: Dollar index in search of catalysts to break out of current range

Sandeep Kanihama FXStreet Contributor

OCBC analysts think that the dollar index may require further catalysts to jolt out of a 96.50-97.50 range on a multi-session horizon, after it tripped below 97.00 level on Friday.

Key Quotes

“Any further improvement in risk appetite levels stemming from Sino-US front may be limited to cyclicals & EM/Asia although soggy global macro undercurrents may remain potential threats to investor sentiment.”

“To this end, a heavy EURAUD or $EURAsia (selectively) may prove more fruitful from a tactical viewpoint instead.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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