USD looks to have enjoyed a shallow relief rally - ING

Sandeep Kanihama FXStreet Contributor

In a relatively subdued week for geopolitics and protectionism risks, the dollar looks to have enjoyed a shallow relief rally – with the BBDXY index bouncing off its monthly lows (still sub 90), explains Viraj Patel, Research Analyst at ING.

Key Quotes

“While we have noted the risks from a flat US yield curve, the 10-year yield looks to once again be encroaching the 3% level. Either way, the US curve is pointing to an ominous outlook for risky assets in the near-term – not least as an array of Trumpian uncertainties remain on the table. The week ahead could be about trade risks – with the US Treasury looking into ways to curb Chinese inward investment. We remain watchful over our Twitter feed.”

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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