USD Index: Further volatility rather than a clean trend will be the story for coming weeks – ING

Economists at ING expect the US Dollar to see high volatility in the coming weeks.

DXY could edge towards the lower end of a 104.00-105.00 range today

“Trade-weighted measures of the Dollar are consolidating near recent highs and we suspect further volatility – rather than a clean trend – will be the story for coming weeks.”

“For today, the Dollar will probably take a back seat to events in Europe (Core Eurozone CPI) and we doubt US initial claims are a market mover. This could see DXY edge towards the lower end of a 104.00-105.00 range today.”