Three factors could contribute to a USD re-appreciation – ING DollarIndex Fed China Energy Banks
is now trading 8% off its early November high. Economists at ING suspect that the Dollar correction may have run its course, and several factors should allow for some re-appreciation into year-end.“Our suspicion is that the Fed will maintain its hawkish narrative for longer, implicitly or explicitly protesting against the recent drop in yields.
“With Russia rejecting the cap on oil prices at $60/bbl and threatening output cuts, along with a projected drop in temperatures in many parts of Europe, the energy crisis may return and we see ample room for gas andInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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