“Market Sell-off May Shatter Deadlock: ING Predicts Short-Term USD Bull Surge!”
The US debt ceiling impasse is increasingly becoming a short-term supporting factor for the US Dollar, according to economists at ING. The recent meeting between President Joe Biden and Congressional Republicans did not result in substantial progress towards an agreement, and while Republican leader Mitch McConnell downplayed the risk of a US default, he acknowledged […]
“Discover Why ING Experts Predict a Weaker Dollar – Uncover the Surprising Reasons!”
Economists at ING are predicting a bearish trend for the US Dollar, as concerns grow over the health of US regional banks and levels of money market stress rise. ING economists argue that as US policymakers try to resolve the problem, the trend toward tighter credit conditions and weakened US growth will result in diminished […]
“CEE FX Rally Loses Momentum: ING Predicts Slowdown in High-Flying Currency Surge”
Economists at ING believe that Eastern European currencies (CEE) have limited upside potential and that the CEE rally is slowing down. While positive conditions continue to prevail in the CEE FX market, experts expect the current rally to begin running out of steam due to several factors. Firstly, the euro and US dollar (EUR/USD) are […]
“US Dollar Index Set to Drift Back to Enticing 102.00 Area, Predicts ING!”
Economists at ING are expecting the US dollar to be mildly offered this week as they await for the National Federation of Independent Business (NFIB) small optimism index. A sharp fall in US small business optimism and a further dip in pricing intentions may soften the dollar slightly. The rest of the world has been […]
“Mexican Peso Bounce Back: Near-shoring Boom Amid $6B Nationalization Deal”
The Mexican peso is currently experiencing a sell-off, but ING economists believe that Mexico’s “new nationalization” initiative should not have a negative impact on the currency. The recent sell-off appears to be driven by a corporate finance deal announced earlier this week, in which the Mexican government is purchasing 75% of the Mexican gas and […]