USD unlikely to suffer a decline this week – ING DollarIndex Currencies Fed Energy Banks
Another mixed US jobs report on Friday has maintained choppy conditions in FX markets. Economists at ING analyze USDThis week looks unlikely to trigger the kind of benign Dollar decline around which the Rest of the World currencies can rally. Additionally, events in the Black Sea and what they could mean for food and energy prices could keep investors nervous about embracing disinflation trends.
For today, we doubt Fed speakers will have a meaningful impact on the Dollar and can see DXY trading well within a 101.80-102.80 range.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. You should do your own thorough research before making any investment decisions.
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