USD Index to trade well within Monday’s range of 104.55-105.35 – ING
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The US Dollar struggles to find demand. Economists at ING expect the US Dollar Index (DXY) to move within Monday’s range of 104.55-105.35.
“The US releases ISM manufacturing data which should remain soft at 48. More interest will be had in Friday’s services ISM.”
“We suspect the China PMI story might dominate FX trading today and maintain a slightly offered tone for the Dollar. Yet DXY will probably trade well within Monday’s range of 104.55-105.35.”
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