USD Index to stay on the back foot – ING

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USD Index to stay on the back foot – ING DollarIndex UnitedStates Inflation Banks

trading flat slightly above 102.00. Soft US consumer sentiment and softening inflation expectations should keep the Dollar bias bearish today, in the view of economists at ING.“It is a quiet day for US data, and a soft University of Michigan consumer sentiment plus declining inflation expectations can keep the Dollar on the back foot.”expected to stay under pressure into next Wednesday’s Bank of Japan meeting, the DXY can stay biased to the 102.00 area near term.

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