USD Index should see volatility but may still be trading slightly below 102.00 tomorrow morning – ING
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There are some upside risks for the US Dollar, but ING’s base case is a USD stabilisation.
“While a softer tone than the one in the statement about future tightening is very much possible – and may offset initial US Dollar gains – some more convincing pushback against rate cut speculation could help put a floor under the greenback beyond the post-meeting impact.”
“DXY should see volatility but may still be trading slightly below 102.00 tomorrow morning.”
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