ING: The US Dollar Remains Resilient but Faces Downside Risks
According to Golden Ten Data, ChainCatcher reports that ING analyst Francesco Pesole stated that the US dollar remains resilient but faces downside risks. Over the weekend, there was little progress regarding the US government shutdown issue, which means the release of official economic data will be further delayed. Investors will closely watch the upcoming Federal Reserve meeting minutes this week to determine whether Fed Chair Powell's cautious stance on further rate cuts is supported by the majority of committee members. ING pointed out that risks seem to be slightly tilted towards a dovish stance, which could trigger a negative reaction for the US dollar.
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