A little early to chase the Dollar lower – ING DollarIndex Fed ECB Banks
While the Dollar is a little lower today post-Fed, we would not chase the move just yet and prefer to take our cue from the data, starting with tomorrow's ECI. As we discussed in our FOMC review, the carry trade environment will still be popular and with overnight deposit rates at 5.25%, the Dollar is clearly not a funding currency.Feed news
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