US Dollar Index: A rally to 110 over coming weeks is on the cards – ING

FXStreet Insights Team FXStreet

The dollar's bullish momentum remained fully intact at the start of the new week. Economists at ING note that the US Dollar Index could extend its race higher towards 110.

Untouched momentum

“Despite the long rally, the probability of the US dollar staying bid in the coming days continues to outweigh the chances of a correction.”

“A move to 110 in DXY over the coming weeks surely cannot be excluded.”

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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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