USD INDEX: 102/103 APPEARS TO BE THE HOLDING-PATTERN RANGE AT THE MOMENT – ING

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US Dollar Index continues to push higher following Thursday's rebound. Economists at ING analyze DXY outlook. 

Focus will be on PMIs across developed countries today

Data-wise, the focus will be on PMIs across developed countries today. While being of secondary relevance to the ISM in the US, we can see some higher-than-normal market impact given the elevated market sensitivity to data at this juncture. 

102/103 appears to be the holding-pattern range for DXY at the moment and we could see that hold into next week.

 


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