Dollar losses might start to emerge towards the back of the week – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Financial markets started the new week on a cautious note. Economists at ING expect the US Dollar to move downward by the end of the week.
“Lingering stress in the financial sector and defensive positioning ahead of the FOMC event risk should offer support to the Dollar. We could, ultimately, see a 25 bps move as a sign of confidence in the market’s solidity and along with some gradual easing in global banking turmoil, Dollar losses might start to emerge towards the back of the week.
“In the rest of the G10, we continue to see the Yen stay in demand for now.”
“Still, we have learned how news can change market conditions very rapidly in the current environment, so caution around clear directional views remains warranted.”
[/s2If]
Join Our Telegram Group
