Ing
USD: Recovery signals upside potential – ING
The Dollar has shown signs of recovery as precious metals decline, with expectations for positive data this week. ING analysts anticipate a decent payroll report, which could support further Dollar strength. The focus remains on how the Dollar will respond to upcoming economic data and short-term rate dynamics, notes Francesco Pesole from ING.
Dollar shows signs of strength
“With the dollar now having recovered to some degree, we think it will move more in line with data and short-term rates dynamics this week.”
“Our call is for 80k payrolls and unchanged 4.4% unemployment, which can set the stage for a further stabilisation/recovery in the dollar.”
“Before then, we’ll be observing closely how much interest there is in buying the dips in EUR/USD.”
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market



