- US Dollar Index: A rally to 110 over coming weeks is on the cards – ING
Market news
12 July 2022
US Dollar Index: A rally to 110 over coming weeks is on the cards – ING
The dollar's bullish momentum remained fully intact at the start of the new week. Economists at ING note that the US Dollar Index could extend its race higher towards 110.
Untouched momentum
“Despite the long rally, the probability of the US dollar staying bid in the coming days continues to outweigh the chances of a correction.”
“A move to 110 in DXY over the coming weeks surely cannot be excluded.”
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