• Some downside risks to the Dollar given a potential downside surprise in CPI – ING

Noticias del mercado

14 noviembre 2023

Some downside risks to the Dollar given a potential downside surprise in CPI – ING

Inflation figures carry some downside risks to the Dollar, economists at ING report.

DXY could slip to the 105.20-105.40 area 

The Dollar risks another correction event today as inflation may slow a bit more than expected, even though core stickiness should prevent a major repricing of rate expectations.

We see some downside risks to the Dollar given a potential downside surprise in CPI, and DXY could slip to the 105.20-105.40 area. 

Expect some support mostly coming the way of procyclical currencies, while we remain unconvinced that the Yen can truly benefit from slight tweaks in the US/Fed narrative at this stage.

See – US CPI Preview: Forecasts from seven major banks, still to the high side of the Fed’s target

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: