ING strategists spotlight that cyclical drivers have reasserted themselves in FX, underpinning a stronger Greenback over the approaching months. They argue that these cyclical components will maintain the Greenback bid, delaying any significant downturn. The observe frames present Greenback energy as a part of a broader cyclical upswing moderately than a short lived spike.
Cyclical forces help greenback energy
“Cyclical components return to the FX market and look set to maintain the greenback bid over coming months.”
“The credible risk of some Fed tightening later this yr prompted a bullish re-assessment of the greenback.”
“FX: Cyclical greenback bullishness takes over.”
(This text was created with the assistance of an Synthetic Intelligence device and reviewed by an editor.)
