Back
14 Jul 2023
USD Index: Next logical support would likely be at 99.00 – ING
Economists at ING analyze US Dollar Index (DXY) outlook.
A pause or upside correction in the Dollar could come at any time
DXY broke below the 100.00 barrier on Thursday, and the next logical support would likely be at 99.00.
A pause or upside correction in the Dollar could come at any time given the large swings of the past couple of days.
Friday’s moves suggest we could see some re-adjustment/stabilisation happen today with a quiet calendar. However, downside risks will keep prevailing for the Dollar in the near term.