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US Dollar Index should find support around the 101.00/101.50 area – ING

The dollar appears to have found some support on the last day of May. The US Dollar Index (DXY) is rising 0.3% at 101.70 and economists at ING expect DXY to find its footing above the 101.00/50 region.

DXY to push back to early May highs later in the summer

We expect the dollar later in the summer to push back to the highs seen in early May.”

For today, we should probably brace for a sharp drop in US conference board consumer confidence for May – which may stress-test the short-run stability of the dollar.” 

“DXY should find support around the 101.00/101.50 area.”

EUR/GBP to move within a 0.8450-0.8550 range for the time being – ING

EUR/GBP is displaying a lackluster performance in the early European session. Economists at ING expect the pair to continue trading in a 0.8450-0.8550
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USD/JPY: Yen should be the new “go to” safe-haven currency – HSBC

The Japanese yen rallied on the Bank of Japan (BoJ) governor’s “exit” talk. Nonetheless, global recession risk is more pertinent to JPY strength, in t
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