USD Index may test 101.00 by the end of the week – ING

Market news

20 July 2023

USD Index may test 101.00 by the end of the week – ING

Economists at ING analyze the USD outlook.

Dollar can consolidate or even tick higher again today

The Philadelphia Fed index and existing home sales data will be watched along with jobless claims today.

We are inclined to think the US Dollar can consolidate or even tick higher again today as markets start to eye next week’s FOMC as a potential hawkish risk.

DXY may test 101.00 by the end of the week.

See: USD to weaken further this year and into 2024 – HSBC

USD Index faces some selling pressure near 100.30 ahead of US data

GBP/USD: Disappointing UK Retail Sales could inflict more damage – SocGen

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