US Dollar: Cyclical bullishness takes over – ING
ING strategists highlight that cyclical drivers have reasserted themselves in FX, underpinning a stronger Dollar over the coming months. They argue that these cyclical factors will keep the Dollar bid, delaying any meaningful downturn. The note frames current Dollar strength as part of a broader cyclical upswing rather than a temporary spike.
Cyclical forces support dollar strength
"Cyclical factors return to the FX market and look set to keep the dollar bid over coming months."
"The credible threat of some Fed tightening later this year prompted a bullish re-assessment of the dollar."
"FX: Cyclical dollar bullishness takes over."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Charles Schwab Executive Says: “This Crypto Cycle Is Really Different”
Matt Hougan Says “Zombie Altcoins Will Disappear,” Citing One Altcoin as a Major Exception
Republicans criticize AI danger claims, Democrats question the influence of "big tech" on the Trump administration's AI policy and demand disclosure of regulatory framework amendment procedures
A Republican senator sent a letter to the CEO of Anthropic, warning against adopting an "alarmist" attitude towards AI and urging him to emphasize AI's potential to improve people's lives, enhance national security, and address AI threats. Meanwhile, two Democratic senators wrote to U.S. government officials, including the Treasury Secretary, requesting clarification on whether tech giants influenced the government's adjustment of the AI regulatory framework through lobbying between May and June of this year, and called for the disclosure of records of communication between companies and the government.
Houthi Forces Strike Saudi Arabia, Hormuz Oil Tanker Attacked Again, but Saudi Arabia Says Key Oil Pipeline Operations Restored Over 80%
The Yemeni Houthi forces claimed to have launched three rounds of attacks against Saudi Arabia on Monday, including strikes on the capital's airport; on Tuesday, they launched dozens of attacks on Saudi-backed armed groups, killing or wounding more than 200 people. Saudi Arabia reported that two airports were hit. The Saudi Energy Minister stated that as of Tuesday, the east-west oil pipeline throughput had recovered to 5.8 million barrels per day. On Tuesday, the UK Maritime Trade Operations reported that a tanker leaving the Strait of Hormuz was hit by an unidentified flying object. The Shell CEO stated that Middle Eastern oil flows have recovered to about 80% of pre-Iran conflict levels.
Crypto prices
More
