Economists at ING analyze US Dollar Index (DXY) outlook.
Economists at ING analyze US Dollar Index (DXY) outlook.
A pause or upside correction in the Dollar could come at any time
DXY broke below the 100.00 barrier on Thursday, and the next logical support would likely be at 99.00.
A pause or upside correction in the Dollar could come at any time given the large swings of the past couple of days.
Friday’s moves suggest we could see some re-adjustment/stabilisation happen today with a quiet calendar. However, downside risks will keep prevailing for the Dollar in the near term.
DXY broke below the 100.00 barrier on Thursday, and the next logical support would likely be at 99.00.
A pause or upside correction in the Dollar could come at any time given the large swings of the past couple of days.
Friday’s moves suggest we could see some re-adjustment/stabilisation happen today with a quiet calendar. However, downside risks will keep prevailing for the Dollar in the near term.
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