USD Index: Further volatility rather than a clean trend will be the story for coming weeks – ING
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Economists at ING expect the US Dollar to see high volatility in the coming weeks.
“Trade-weighted measures of the Dollar are consolidating near recent highs and we suspect further volatility – rather than a clean trend – will be the story for coming weeks.”
“For today, the Dollar will probably take a back seat to events in Europe (Core Eurozone CPI) and we doubt US initial claims are a market mover. This could see DXY edge towards the lower end of a 104.00-105.00 range today.”
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