ING expects the US Dollar Index to rise further unless US CPI data is considerably worse than predicted.

Currently, the US Dollar Index (DXY) is trading at its peak level since 2000. When this week’s US April CPI data is published on Wednesday, the economists at ING report commented that, "By excluding a much lower than predicted inflation number, the D

May 09, 2022 - 06:02 PM 251 views

ING expects the US Dollar Index to rise further unless US CPI data is considerably worse than predicted.

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© ING expects the US Dollar Index to rise further unless US CPI data is considerably worse than predicted.

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Currently, the US Dollar Index (DXY) is trading at its peak level since 2000. When this week’s US April CPI data is published on Wednesday, the economists at ING report commented that, "By excluding a much lower than predicted inflation number, the DXY should toil at its peak level."

Lower fuel and used car costs are expected to bring headline and core CPI down from recent highs. Any larger-than-expected drops could indicate that the Fed does not need to be as aggressive in its hiking plans.

Apart from being at more unsteady levels than the most anticipated US inflation numbers on Wednesday, we should forecast the US Dollar Index (DXY) to toil still bigger.

There are a large number of Fed speakers too. But some emulsive of the Fed's tightening policies should give us some thoughtful thinking at this stage, and it seems risky to keep against the strength of the dollar.

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