US Dollar Index to enjoy a near-term recovery to the 103.30 area – ING DollarIndex Fed Banks UnitedStates
fluctuates in a relatively tight range above 102.00. Economists at ING expect the dollar to stay bid and see the DXY returning to the 103.30 area.“A hawkish set of FOMC minutes and ongoing concerns about Chinese growth prospects continue to provide the dollar with support and make for an uneasy environment for risk assets.”
“We prefer to see the recent DXY 3% dip as a bull market correction and favour a near-term recovery to the 103.30 area as the“We doubt today's US data of the revised 1Q GDP number, initial jobless claims or pending home sales will have much say in dollar pricing.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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