USD Index: Next logical support would likely be at 99.00 – ING

Market news

14 July 2023

USD Index: Next logical support would likely be at 99.00 – ING

Economists at ING analyze US Dollar Index (DXY) outlook.

A pause or upside correction in the Dollar could come at any time

DXY broke below the 100.00 barrier on Thursday, and the next logical support would likely be at 99.00.

A pause or upside correction in the Dollar could come at any time given the large swings of the past couple of days.

Friday’s moves suggest we could see some re-adjustment/stabilisation happen today with a quiet calendar. However, downside risks will keep prevailing for the Dollar in the near term.

FX option expiries for July 14 NY cut

European Monetary Union Trade Balance s.a. came in at €-0.9B, above forecasts (€-10.3B) in May

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