The trade-weighted dollar remains close to its highs. Economists at ING expect the greenback to see a consolidation phase around the current level.

Dollar corrections should prove short-lived

“As long as the Fed retains its hawkish stance (we suspect well into 2023), dollar corrections should continue to prove short-lived.”

“We expect a consolidation in the dollar around current levels, and retain a bullish view on the greenback into year-end.”

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