USD-crosses volatility will pick up again tomorrow when the focus will shift to FOMC minutes – ING

Market news

4 July 2023

USD-crosses volatility will pick up again tomorrow when the focus will shift to FOMC minutes – ING

It should be a quiet day in FX today due to the US national holiday, but things will get hectic again from tomorrow, economists at ING report.

National holiday today, but volatility to pick up tomorrow

US bond and equity markets are closed and there are no data releases, so expect another quiet day in FX.

USD-crosses volatility will pick up again tomorrow when the focus will shift to FOMC minutes.

See – EUR/USD: Reluctance to take the pair sustainably above the benchmark 1.10 level – ING

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