Dollar does not have to rally too far on any Fed remarks seen as less than dovish – ING

Source Fxstreet

The US Dollar (USD) is the best performing G10 currency in the year to date as the market reassesses the outlook for Fed rate cuts this year. Economists at ING analyze Greenback’s outlook. 

Dollar bears require patience

We feel it is a little too early for the Fed to pump more air into the easing narrative and would probably prefer to let the data do the talking. However, the conviction is there in markets that the Fed and other major central banks will be in a position to cut later this year. This suggests that the Dollar does not have to rally too far on any Fed remarks seen as less than dovish.

For the time being, we see no reason to argue with seasonal factors which normally keep the Dollar strong through the early months of the year.

We retain a 1.0800 EUR/USD target for the end of the first quarter but expect a clearer upside path to develop through the second quarter once the first Fed cut looks imminent.

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
XRP validates bullish pennant as lawyer weighs in on SEC's appeal against RippleRipple's XRP maintained a green outlook on Monday, rising more than 4% in the past week while other assets experienced a decline.
Author  FXStreet
Yesterday 01: 16
Ripple's XRP maintained a green outlook on Monday, rising more than 4% in the past week while other assets experienced a decline.
placeholder
Dogecoin Holders Are Buying Into This Crypto Priced At $0.0199 After Analysts’ $20 PredictionsDogecoin (DOGE) investors are currently on the lookout for the next big thing in the market. One project that has caught their attention is Remittix (RTX). RTX is a new altcoin that is currently trading at $0.0199. The presale success and utility of the DeFi coin could push its price to $20 soon. Meanwhile, the […]
Author  Cryptopolitan
Yesterday 06: 51
Dogecoin (DOGE) investors are currently on the lookout for the next big thing in the market. One project that has caught their attention is Remittix (RTX). RTX is a new altcoin that is currently trading at $0.0199. The presale success and utility of the DeFi coin could push its price to $20 soon. Meanwhile, the […]
placeholder
Ripple (XRP) Price Sees a Surge, Solana Targets $600 in 2025 as Investors Increase Focus on New AltcoinThe cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
Author  Cryptopolitan
8 hours ago
The cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC & ETH rebound, XRP rallies ahead of CPI dataBitcoin (BTC) and Ethereum (ETH) prices continue to recover on Wednesday after finding support around their key levels this week.
Author  FXStreet
6 hours ago
Bitcoin (BTC) and Ethereum (ETH) prices continue to recover on Wednesday after finding support around their key levels this week.
placeholder
Gold recovers ahead of US CPI inflation dataGold’s price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields.
Author  FXStreet
56 mins ago
Gold’s price (XAU/USD) recovers initial weekly losses and edges higher for the second day in a row, trading in the $2,680s on Wednesday, after a softer-than-expected United States (US) Producer Price Index (PPI) release the previous day triggered substantial easing in US yields.
goTop
quote