Hawkish Fed Minutes Could Boost US Dollar, Says ING
ING strategist Francesco Pesole suggests the US Dollar Index may find support from hawkish Fed minutes, with recent equity volatility and firm oil prices reinforcing the greenback's safe-haven status.
DXY
ING's Francesco Pesole notes that the US Dollar Index could gain support from hawkish minutes of the June Federal Open Market Committee meeting.
Recent jitters in equity markets and elevated oil prices have underlined the dollar's safe-haven appeal, according to the analyst. Markets are now focused on the FOMC's tone for further direction on the greenback.
Source: FXStreet Forex News