- Dollar to hold gains into Fed meeting next week – ING
Market news
8 June 2023
Dollar to hold gains into Fed meeting next week – ING
Economists at ING discuss USD outlook.
Dollar will embark on a cyclical bear trend in 2H23
For the near term, it looks like the Dollar can hold the majority of its recent gains into next Wednesday's FOMC meeting – though the release of the US May CPI next Tuesday will be a big market driver too.
Our bigger picture call remains that the Dollar will embark on a cyclical bear trend in 2H23 – probably starting in 3Q – though the risk is that this gets delayed.
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