US Dollar: Short-term downside risks – ING
ING’s Chris Turner notes that dovish comments from Federal Reserve official Christopher Waller have pushed US yields and the Dollar lower, while supporting equities and high-yielding FX.
ING analyst Chris Turner has pointed out that recent dovish comments from Federal Reserve official Christopher Waller have contributed to a decline in US yields and the Dollar, while simultaneously boosting equities and high-yielding foreign currencies. Markets currently price a 50% chance of a September Fed hike, with little impact anticipated from US jobs data. Turner anticipates the DXY to face resistance and experience a slight downward drift in the short term.
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