- More hawkish policy overseas can keep the Dollar offered – ING
Market news
22 June 2023
More hawkish policy overseas can keep the Dollar offered – ING
It is a big day for central bank policy meetings around the world. Economists at ING discuss implications for the US Dollar.
Rest of World catch-up with Fed sends Dollar offered
In the G10 space, the debate over whether policy rates get hiked 25 or 50 bps is very much alive in the UK, Norway and to a lesser degree Switzerland. And there is much focus on the return of conventional policy and large rate hikes in Turkey.
Given lots of rate rises in Europe today and some interest in emerging market currencies, we can see DXY staying gently offered. 101.50/60 would be the next target for DXY on the break of 102.00.
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