The US Dollar remains an attractive place to park money until some clearer trends develop – ING

It has been another quiet week in FX markets, where the Dollar has largely held onto gains made after Friday's strong jobs report. Economists at ING analyze Greenback’s outlook.

104.00-104.75 looks to be the DXY range near term

Perhaps the only slightly Dollar negative scenario we see this week is one led by a risk-on environment should a Qatari-brokered Israeli-Hamas ceasefire make any progress.

Paying 5.3% on overnight deposits, the Dollar therefore remains an attractive place to park money until some clearer trends develop. 

104.00-104.75 looks to be the DXY range near term.