The dollar strengthens on Tuesday after a weak start to the week. Risk sentiment is too fragile for a big dollar correction, in the view of ING economists.
Improving risk sentiment could be harder to sustain
“US data may not move the market drastically today, so the dollar could be driven mainly by global risk sentiment.”
“We struggle to see a sustained, material recovery in global equities in such a worsening valuation environment, and with data still supporting Fed hawks for now, the near-term dollar bias still looks neutral/modestly bullish. “
“A return above 105.00 on DXY looks possible in Friday’s ISM services release.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
