The case for a weaker Dollar is building – ING

FXStreet Insights Team FXStreet

Economists at ING expect the US Dollar to embark on a bearish trend.

Tense markets, but Dollar bear trend should win out

“Continued focus on the health of the US regional banks has seen levels of money market stress edge higher.”

“US policymakers will be looking at ways to patch things up, but the clear overall trend should be one of tighter credit conditions and weaker US growth. This should help take the steam out of inflation and send the Dollar lower.”

“DXY has the lows of the year at the 100.75/85 area.”

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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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