The Dollar has stabilised after the big correction. Economists at ING expect the greenback to re-appreciate into the end of the year.

Bearish sentiment cooling off

“We think this consolidation phase in the Dollar may extend for a little longer, before a re-appreciation of the greenback into the end of the year.”

“With the dovish pivot narrative softening, we expect some re-appreciation of the Dollar in the near term, but that is a trend that could only start from next week or the one after.”

“DXY may stay around 106/107 today.”