1.05-1.10 could be the broad range in EUR/USD and something like 128-136 for USD/JPY – ING EURUSD USDJPY DollarIndex Banks
“The 2-10 year US Treasury curve remains as inverted as at any point in this cycle – providing the Dollar with support. Arguably the Dollar could/should have traded even stronger given the backup in US rates. The reason it has not traded stronger is probably down to the risk environment.”
“We suspect this delicate balance between a hawkish Fed and a buy-side still looking to add to risk assets will leave the Dollar range-bound for the rest of this quarter.”– the latter also having to deal with a new Bank of Japan governor.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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