- The Dollar still looks more likely to rise in the short term than fall further – ING
Market news
20 October 2023
The Dollar still looks more likely to rise in the short term than fall further – ING
Federal Reserve Chair Jerome Powell's comments were perceived as dovish and left the Dollar a bit weaker. Economists at ING analyze USD outlook.
Still many upside risks
The US Dollar continues to draw smaller benefits from strong US data and high rate advantage than it should, likely due to its overbought status, but upside risks remain predominant.
The US calendar is quiet today, we have two Fed speakers to monitor: Patrick Harker and Loretta Mester.
See: Dollar is likely to have a hard time making further gains – Commerzbank
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