US Dollar: AI relief and hawkish Fed support – ING
ING’s Chris Turner notes that better AI sector news and strong SK Hynix earnings have eased fears of an AI-driven equity correction, allowing focus to shift back to resilient US growth, high inflation and higher energy prices, all supportive for the Dollar. He expects a hawkish FOMC message to keep DXY firm and potentially push it above 103.00.
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