- Another USD rally is unlikely today – ING
Market news
25 August 2023
Another USD rally is unlikely today – ING
The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in
Powell’s hawkishness looks largely in the price
The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by Powell, so we don’t expect another USD rally today.
Christine Lagarde’s speech may have a greater impact on the Euro and cause a DXY correction.
See: Dollar is likely to give back a good part of the gains if Powell disappoints – Commerzbank
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