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Aug 30 - 02:55 PM

USD: Heavy Positioning Probably The Biggest Challenge To Further USD Advance - ING

By eFXdata  —  Aug 30 - 01:30 PM

ING Research discusses the USD outlook and maintains a bullish bias into year-end.

"The stronger dollar could be one of the reasons why the ECB could turn more hawkish over the coming months as EUR/USD remains offered near parity. Dollar strength on the back of higher US real yields is one side of the coin, the other is the energy crisis and other domestic factors weighing on large parts of Asia and Europe," ING notes. 

"Heavy positioning is probably the biggest challenge to a further dollar advance. Other than that it is hard to fight against dollar strength," ING adds. 

Source:
ING Research/Market Commentary

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