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Mar 02 - 02:55 PM

USD: Next Week's Data Key For The Direction Of USD N-Term - ING

By eFXdata  —  Mar 02 - 01:30 PM

ING Research discusses the USD outlook and highlights the importance of next week's US data for the direction of the USD in the near-term.

"We have some important US data releases over the next week and key testimony from Federal Reserve Chair Jerome Powell next week which should shed a little light on how aggressive the Fed needs to be. Recall that Chair Powell did say on 1 February that the broad disinflation process has started. Key data releases will include tomorrow's ISM Services for February. Was the January rebound here weather related?," ING notes. 

"And again the question of weather will be asked when the February US jobs numbers are released on 10 March. Unless we get clearer signs that the January data bounce was weather-related, the dollar will hold onto gains made in February," ING adds. 

ING Research/Market Commentary


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