USD Index set to start a decline again towards 102.50-103.00 in the coming days – ING DollarIndex Fed RiskAppetite Banks RiskAversion
“This could be the week where the Dollar rally starts losing some steam. The main reason for this is that the recent hawkish rhetoric and strong data have likely been absorbed by now and a further hawkish repricing in“We think that at this stage, it may be mostly down to external factors – like news from Ukraine/China or a general deterioration in risk sentiment – to push the Dollar even higher.”
“Still, signs of deterioration in the global risk sentiment this morning suggest today might not be the day for the start of a Dollar downtrend, but – equally – we struggle to see DXY extend the recent rally to 105.00 and we could instead witness the start of a decline again towards 102.50-103.00 in the coming days.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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