The United States Dollar (USD) is still on the top throughout G10 and EM FX. Economic experts at ING examine Greenback’s outlook.
Dollar can remain broadly supported into the 31 January FOMC
We believe the Dollar can combine after the current gains, continuing to draw some take advantage of Christopher Waller’s remarks previously today, which might have led markets to favour protective positions heading into the FOMC on 31 January.
The only crucial information release in the United States before then is the 4th quarter GDP figures next week, and disallowing significant surprises there, there is no engaging bearish story for the next week or two.
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