Dollar may well stay soft against most currencies except the Yen – ING DollarIndex USDJPY BOJ Inflation Banks
This month in the G10 space, the Dollar is only stronger against the Yen. Economists at ING analyze the USDIn the short term, the Dollar may well stay soft against most currencies except the Japanese Yen, with the Bank of Japan remaining resolutely dovish. Here, Yen-funded carry trades will remain popular.
We think the mood to put money to work probably dominates and barring any big upside surprise in US inflation expectations, DXY can probably edge down to the 102.00 area, if not below.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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