FX According to economists at ING, the US Dollar Index will edge downward toward 102 as markets continue to trade with cautious optimism.
We expect momentum to remain against the Dollar and favor activity/commodity currencies as long as neither Powell's comments nor the NFIB leads to a break in the narrative of a more relaxed Fed (and Thursday's US CPI will also be key to the story).
In view of investors' investment in non-USD assets, DXY appears biased towards 102.00.
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 these assets. You should do your own thorough research before making any investment decisions. EnclaveFX Ltd does not in any way guarantee that this information is free of mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in the Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses, and costs associated with investing, including the total loss of principal, are your responsibility.
EnclaveFX Ltd and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. EnclaveFX Ltd and the author will not be liable for any errors, omissions, or any losses, injuries, or damages arising from this information and its display or use. The company is not responsible for errors or omissions.