CFD News

USD Index to consolidate between a 107.00-107.50 range – ING

Business people concept use smartphones to analyze the graphs

The Dollar is persevering with to crawl greater after its sharp sell-off in the past this month. Economists at ING count on USD Index (DXY) to alternate a 107.00-107.50 range.

FOMC minutes in center of attention this week
“Wednesday will see the launch of the minutes of the two November FOMC meeting. The minutes ought to pose a hazard that the modern-day Dollar correction extends. But assuming there are no large surprises – e.g. ‘many contributors looking to take inventory of the tightening undertaken so far’, we would count on the Dollar to discover guide on dips.”

“Today’s session ought to be moderately quiet, too. DXY possibly trades a 107.00-107.50 range.”

“Upside dangers ought to emerge from rising US Treasury yields have been this week’s $120bn of US Treasury issuance to demand concessionary pricing.”

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