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The Dollar has started the week on the soft side. Economists at ING analyze the greenback’s outlook.
Reports suggest that hedge funds may be rotating away from the narrow rally in US equities towards better valuations in Europe. If so, the Dollar could soften further.
Today, the best chance for this Dollar decline to extend a little further will be the release of the NFIB small business optimism data for June. A further decline in pricing intentions in this survey will add weight to the view that inflation is coming lower. (The main event, however, remains Wednesday's release of June CPI.)
We do not expect big FX moves today, but DXY could continue drifting toward the 101.50 area.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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