US Dollar Index: A break above the 114.70 September highs is only a matter of time – ING DollarIndex Fed Banks
US Dollar Index snaps two-week uptrend. Nevertheless, economists at ING expect DXY to move back higher to tackle the 114.70 September peak.“Our base case for this week is that the dollar will remain supported as the Fed’s determination to take realhigher, paired with geopolitical and energy-related concerns, may keep risk sentiment on the back foot.”
“We suspect that a break above the 114.70 September highs in DXY is now only a matter of time, and surely possible by the end of the week.”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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