USD Momentum Fades Ahead of Data and Warsh – ING
ING strategist Francesco Pesole notes the Dollar is giving back recent gains as risk sentiment improves ahead of US consumer confidence and JOLTS data, with Kevin Warsh also in focus.
USD
The US Dollar is losing steam against G10 currencies as equities rebound and risk appetite improves, according to ING's Francesco Pesole.
Pesole points to market expectations for a stronger US consumer confidence reading and a softer JOLTS job openings number, which should still reflect a healthy labor market. Additionally, remarks by Kevin Warsh are being watched for potential policy signals.
The combination of improving risk sentiment and key data releases is weighing on the dollar's near-term momentum.
Source: FXStreet Forex News