ING: Dollar Sell-Off Retraced on Jobs Data

ING's Chris Turner comments on the US dollar's constructive price action following recent jobs data. He notes that the dollar sell-off triggered by Kevin Warsh's appearance at Sintra has been fully retraced.

Markets now interpret that the new Fed Chair is at ease with a data-dependent approach, which supports the dollar as long as economic data remains strong. This suggests a near-term bullish bias for the greenback.