US Dollar: Softer bias with pro-risk flows – ING
ING’s Chris Turner, Francesco Pesole and Frantisek Taborsky argue that recent US Treasury buy-backs are primarily a signalling tool against high yields, pointing to a softer Dollar in a risk-friendly environment.
Three analysts from ING, Chris Turner, Francesco Pesole, and Frantisek Taborsky, contend that recent U.S. Treasury buybacks serve as a bullish signal in a risk-friendly climate, suggesting the DXY (U.S. Dollar Index) will remain restrained around the 99.00 level. They anticipate high-beta commodity and emerging market currencies to outperform, while warning that a significant sell-off in Treasuries and equities could revive safe-haven FX demand.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
