Trade-weighted measures of the dollar continue to trade near their highest levels since the summer of 2020. Economists at ING expect the greenback to hold gains, with the EUR/USD pair trading within a 1.05-1.10 range.
Most roads lead to a firmer dollar
“The combination of a hawkish Fed and an uncertain European backdrop suggests EUR/USD is more likely to trade a 1.05-1.10 range over coming weeks and months.”
“North American currencies should remain favoured, while the energy importing currencies of Europe and Asia should continue to underperform.”
