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- Strong US September Retail Sales figure should support the dollar – ING
Strong US September Retail Sales figure should support the dollar – ING
Following Thursday's sharp sell-off, the US Dollar Index (DXY) stabilizes near the mid-112.00s. Economists at ING expect the US September Retail Sales report to support the greenback.
Fed to push real rates and the dollar higher
“The core narrative remains that the Fed will want higher real rates for longer to fight the biggest inflation threat since the early 1980s, and the dollar should continue to find good support on dips.”
“111.50/112.00 may be enough of a correction for DXY and some decent US data later today may be enough to give the dollar a lift.”
“We have September US Retail Sales and Consumer Confidence. Retail Sales could come in on the strong side given good car sales data and lower gasoline prices.”
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