ING: Dollar Rally May Be Peaking as Core PCE Risks Cool
ING analyst Francesco Pesole suggests the US dollar rally may be near its peak, citing cooler core PCE inflation risks and a shift in Fed pricing.
USD
ING's Francesco Pesole argues that the recent US dollar rally could be approaching its peak. He highlights a combination of calmer risk sentiment and softer Federal Reserve pricing as key factors. The risk of a hotter-than-expected core PCE reading has also diminished, removing a source of support for the greenback.
Pesole believes these conditions limit further upside for the dollar in the near term, pointing to a possible shift in market dynamics.
Source: FXStreet Forex News