- Dollar will hold gains in a sell-off in equity markets – ING
Market news
19 October 2023
Dollar will hold gains in a sell-off in equity markets – ING
Equities are under pressure. Economists at ING analyze FX correlations with stock performance.
Equity markets are looking increasingly vulnerable
Equity markets are looking increasingly vulnerable as the risk-free rate rises and as businesses are finding their margins under pressure.
A turn lower in core equity markets would like to keep the activity currencies under pressure and the Dollar bid.
A risk-off tone should keep the US Dollar Index (DXY) bid towards the top of its 106-107 range.
See: EUR/USD to pressure support at 1.0500 – ING
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