The case for a weaker Dollar is building – ING

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Economists at ING expect the US Dollar to embark on a bearish trend.

“Continued focus on the health of the US regional banks has seen levels of money market stress edge higher.”

“US policymakers will be looking at ways to patch things up, but the clear overall trend should be one of tighter credit conditions and weaker US growth. This should help take the steam out of inflation and send the Dollar lower.”

“DXY has the lows of the year at the 100.75/85 area.”

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