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May 16 - 06:55 PM

USD: Now Expecting 3 Consecutive Fed 50bp Hikes In June, July, And September - ING

By eFXdata  —  May 16 - 03:00 PM

ING Research discusses its new Fed call and the USD outlook this week.

"Our economics team has recently revised its Fed forecast higher and now expects three consecutive 50bp rate hikes (June, July, and September) before a return to quarter-point raises in November," ING notes. 

"We might see some tentative stabilisation in risk sentiment this week, which could favour a partial recovery in high-beta currencies and put a cap on the dollar upside for now. That is, however, far from assured given the volatility we have seen in recent weeks. More risk-off waves would likely push DXY well above 105.00," ING adds. 

Source:
ING Research/Market Commentary

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