USD appears in a position to at least hang on to recent gains this week – ING
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US Dollar Index (DXY) clings to small daily gains. Economists at ING expect DXY to return to the 105 level soon.
“The Dollar appears in a position to at least hang on to recent gains this week.”
“We could see a return to 105.00 in DXY soon.”
“Today’s price action may follow a wait-and-see approach given there are no data releases, but we have observed a tendency of markets to move closer to defensive long-Dollar positions into key risk events.”
“The balance of risks appears skewed to the upside for the Dollar today.”
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