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Dec 09 - 12:55 PM

USD: Investors Likely To Build Back USD Longs Ahead Of Tomorrow's CPI And Next Week's FOMC - ING

By eFXdata  —  Dec 09 - 10:45 AM

ING Research sees a scope for USD upside into tomorrows' CPI and next week's FOMC December policy meeting.

"We are inclined to think that investors may be attracted by current levels (in particular against low-yielders) to build back some dollar longs ahead of the CPI report tomorrow and the Fed meeting next week," ING notes. 

"We are more inclined to expect a EUR/USD pullback towards the 1.12/1.13 range in the next few days, as markets may see some attractive levels to enter long USD positions ahead of the Fed meeting next week," ING adds. 

Source:
ING Research/Market Commentary

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