US Dollar Index has the 97.70 high in its crosshairs – ING RussianFederation Ukraine DollarIndex Currencies Banks
Economists at ING expect the dollar to stay in demand globally and keep watch for USD funding stress.“What is clear is that commodity prices, will continue to rise and this supply shock should be a negative for activity and“We will keep a close eye on the cross-currency basis swap market for any kinds of stress as well as seeing whether there is any increased demand for dollar liquidity at e.g. the ECB 7-day USD auction.
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