USD Index could dip below 105, but unlikely on sustainable basis – ING DollarIndex Banks Fed
stays on the back foot and continues to edge lower despite thin holiday trading. However, economists at ING do not expect DXY to trade sustainably under the 105 level.Fed
“The greenback has now absorbed a good deal of negatives when it comes to the Fed story, and in our view can still benefit from the deteriorating“While we don’t exclude the Dollar contraction to take DXY below 105.00, we struggle to see sub-105 levels holding for very long.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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