{
  "id": 6421919,
  "title": "US Dollar: Soft despite supportive fundamentals – ING",
  "url": "https://urgent.news/2026/09/09/us-dollar-soft-despite-supportive-fundamentals-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T12:40:47.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-soft-despite-supportive-fundamentals-ing-202609091240"
  },
  "original_language": "en",
  "account": "The US dollar has been unexpectedly subdued despite higher energy prices, firm short-dated US interest rates, and expectations of a 25 basis point Federal Reserve hike ahead of the August CPI release. Chris Turner of ING attributes the dollar's weakness to strong equities and a fragile USD/JPY pair. The investment environment, with global equities near their peaks due to the AI investment boom, and the fragile USD/JPY, which may be influenced by Japanese policymakers fulfilling a grand bargain with Washington, are key factors in the dollar's malaise. The bond market will be closely watched as the US Treasury begins buying back longer-dated Treasuries and auctioning $39bn and $22bn of 10 and 30-year bonds. Despite higher energy prices, the Dollar has not shown a strong reaction and may break support at 98.55/65, with USD/JPY potentially driving a drop to 98.00. Traders are awaiting US inflation figures for further encouragement, while USD/JPY remains under bearish pressure, nearing a seven-month low.",
  "summary": "ING’s Chris Turner notes the Dollar has been unexpectedly soft despite higher energy prices and firm short-dated US rates ahead of the US August CPI and a likely 25bp Fed hike.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}