USD Index set to trade near 102.00 with a downside bias – ING DollarIndex Fed UnitedStates Banks
While much of the focus will be on overseas rate meetings this week, the US calendar still sees important congressional testimony from Fed Chair Jerome Powell on Wednesday and Thursday. It looks too early for him to divert from the Fed's hawkish narrative and will keep the market biased towards a 25 bps Fed hike on 26 July.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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