USD Index may hold around 102.00 unless PMIs in Europe surprise to the upside – ING DollarIndex PMI Banks
“Preliminary PMIs will be released across developed markets today, and despite the surveys not being as highly regarded as the ISM in the US, that elevated sensitivity to data likely makes today’s releases a risk event for the Dollar.”
“Some improvement in the market’s sentiment around the health of the service sector in the US should help limit downside exposure for the Dollar. In that case, DXY may hold around 102.00 today unless PMIs in Europe surprise to the upside.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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