Dollar losses might start to emerge towards the back of the week – ING DollarIndex Fed RiskAppetite Banks USDJPY
Financial markets started the new week on a cautious note. Economists at ING expect the US Dollar to move downward by the end of the week.“Lingering stress in the financial sector and defensive positioning ahead of the FOMC event risk should offer support to the Dollar. We could, ultimately, see a 25 bps move as a sign of confidence in the market’s solidity and along with some gradual easing in global banking turmoil, Dollar losses might start to emerge towards the back of the week.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan’s Crypto Industry Welcomes Regulatory AnnouncementTaiwan's crypto industry is welcoming an announcement that the island's Financial Supervisory Commission is set to regulate digital assets. thesamreynolds reports
Read more »
AUD/USD to remain below the 0.68 mark over the coming months – Danske BankThe uncertainty related to financial stability concerns has weighed on risk-sensitive currencies, and not least the Australian Dollar. Economists at D
Read more »
Economists warn that nearly 200 banks are at risk of runs, failureFears that another interest rate hike will hasten more bank failures will loom over the Federal Reserve’s meeting this week after a new study found that nearly 200 banks are at risk of the same sort of collapse as happened to Silicon Valley Bank.
Read more »
EUR/GBP set to rebound towards 0.88 – INGThe Pound seems to be holding up surprisingly better than other G10 peers. However, economists at ING expect the EUR/GBP pair to bounce back higher to
Read more »
ECB's Wunsch does not see repeat of 2008 financial crisisECB Governing Council member Pierre Wunsch does not expect a repeat of the 2008 financial crisis despite turbulence caused by the collapse of Silicon Valley Bank, arguing European banks were subject to tougher rules than regional U.S. banks.
Read more »
Dollar Tree won't sell eggs because they're too expensive | CNN BusinessEggs have gotten too expensive for Dollar Tree.
Read more »