A US Dollar recovery may be on the cards this week – ING DollarIndex Banks Fed China UnitedStates
risk events. All in all, stars may be aligning for a Dollar recovery, in the view of economists at ING.“Investors appear to be gravitating towards the risk-negative narrative of possible instability in China, despite the fact that this may prompt China to expedite its exit from Covid restrictions – likely a risk-on development.” and US jobs data , may cause the Fed's communicated and perceived narrative to drift away from dovish pivot expectations.
“We believe the Dollar can find some further support today as markets favour defensive trades ahead of key events later this week. Prior to Powell's speech, a return to 107.00/107.50 levels in DXY is possible.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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