US Dollar to move towards 100 into next week – ING DollarIndex Currencies Commodities Banks
ing pressure early Friday. Economists at ING think it is too early to be jumping back into undervalued EM currencies. Holding commodity currencies makes more sense while they are still fans of the dollar.“Thursday saw the dollar broadly offered in a typical 'risk-on' move. There is a camp arguing that the dollar typically sells off in the first six months of a Fed tightening cycle.
“We see the 97.70/98.00 support area holding in DXY and would favour a move towards 100 into next 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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