Last week saw the Dollar trade on the soft side amid mixed data from the US. But economists at ING remain a bit reluctant to chase the Dollar lower.
Short-term Dollar bearishness remains unconvincing
We are still reluctant to chase the Dollar lower from this point – not particularly because we expect incoming data (US CPI above all) to surprise on the upside, but because the Dollar still has to catch up with some recent market dynamics – higher US rates in particular – and the scope for further dovish repricing in the USD curve is not broad.
The big risk event for the USD this week is the June inflation report on Wednesday. A downside inflation surprise could see DXY test the 101.00 April lows, but we think that the Dollar could instead find some support into the CPI release and stabilise in the second half of the week.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。