ING strategists see scope for weaker US dollar
ING's FX team says post-CPI summer conditions are damping volatility and keeping the dollar broadly stable, but it still sees room for a softer greenback.
DXY
ING strategists Francesco Pesole, Frantisek Taborsky and Chris Turner note that the dollar has remained broadly stable, with subdued summer volatility following the latest US CPI data.
They still see scope for a weaker dollar, with the outlook tied to a potential shift in Federal Reserve communication. Market expectations for further Fed tightening are a key part of that view.
The team points to upcoming Fedspeak as a possible catalyst for direction in the US dollar.
Source: FXStreet Forex News