USD Index to trade back higher again into year-end – ING

FXStreet Insights Team FXStreet

The US Dollar holds its ground following last week's slide. Economists at ING expect DXY to retest the 108-100 area into end-2022.

USD can strengthen into year-end

“We just do not see conditions in place for a benign Dollar bear trend – even though the buy-side is desperate to put money to work away from the Dollar.”

“Seasonally, the Dollar is weak in December, but our call is that this year, the greenback can strengthen into year-end.”

“We continue with the view that any weakness in DXY towards the 105.00 area this week will prove short-lived and favour a return to 108-110 into year-end.”

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FXStreet Insights Team

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