The US Dollar has been a little weaker over the last 24 hours. Economists at ING analyze Greenback’s outlook.
DXY to drift towards 106.00
For today, the focus will be on the weekly jobless claims data – where any decent jump higher can knock the US Dollar – and the volatile Durable Goods Orders series.
Do not expect big moves before Friday’s US jobs report, but we would say the Dollar’s downside is vulnerable today.
US Dollar Index (DXY) to drift towards 106.00.