1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD remains generally bid – ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Research Team at ING, suggests that the USD remains generally bid as declining oil prices and falling equity markets are supportive of the currency against G10 commodity currencies and EM FX in general.

    Key Quotes

    “Moreover, particularly against EUR and JPY, some of the recent USD rebound was partly caused by, in our view, an unjustified overreaction to the FOMC March meeting. We remain tactically short EUR/USD and target the 1.1000 level over the next three weeks.”
    For more information, read our latest forex news.
     

Share This Page