USD appears in a position to at least hang on to recent gains this week – ING

Market news

13 February 2023

USD appears in a position to at least hang on to recent gains this week – ING

US Dollar Index (DXY) clings to small daily gains. Economists at ING expect DXY to return to the 105 level soon.

Balance of risks appears skewed to the upside for the USD today

“The Dollar appears in a position to at least hang on to recent gains this week.”

“We could see a return to 105.00 in DXY soon.”

“Today’s price action may follow a wait-and-see approach given there are no data releases, but we have observed a tendency of markets to move closer to defensive long-Dollar positions into key risk events.”

“The balance of risks appears skewed to the upside for the Dollar today.”

Currencies. Daily history for Monday, February 13, 2023

Commodities. Daily history for Friday, February 10, 2023

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.