USD Index: Further consolidation looks likely in a 102.00-102.50 range – ING
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US Dollar looks to stabilize amid cautious markets. DXY is set to trade within a 102.00-102.50 range today, economists at ING report.
“The Dollar itself is steady. The US data calendar only really kicks off with what may be a soft December US retail sales release tomorrow. And there are no Fed speakers during European hours today.”
“Some further DXY consolidation looks likely in a 102.00-102.50 range today. A downside break could emerge in Asia tomorrow, were the BoJ to again tweak its 10-year JGB yield target.”
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