US Dollar Index consolidate in the middle of the 96.00/97.00 range – ING DollarIndex Fed Banks
“Despite increasing speculation around five Fed hikes in 2022, the dollar did not manage to hold on to last week’s gains, with a rebound in global equities offering a chance for profit-taking after an extended USD rally. We struggle to see this as more than just a position-squaring event, as the ambiguity about the pace and size of the tightening cycle after last week’s FOMC is offering very few obstacles to hawkish speculation on Fed policy.
“DXY could consolidate in the middle of the 96.00/97.00 range, although risks remain tilted to the upside.”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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