The Dollar has stabilized after the big correction. Economists at ING expect the greenback to re-appreciate into the end of the year.
“We think this consolidation phase in the Dollar may extend for a little longer, before a re-appreciation of the greenback into the end of the year.”
“With the dovish pivot narrative softening, we expect some re-appreciation of the Dollar in the near term, but that is a trend that could only start from next week or the one after.”
“DXY may stay around 106/107 today.” it stated.
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services.