Laying the groundwork for a broader USD recovery into year-end – ING

US Dollar steadies following Monday's upsurge. Economists at ING expect a broader USD recovery into year-end.

Recovery mode

“We continue to see the Dollar at risk of new brief bearish waves this week, but we note that the environment has now turned more benign for the greenback, and this may be laying the groundwork for a re-appreciation into year-end, which is our baseline scenario.”

“We could see some consolidation around 107.50/108.00 in DXY today.”

“Remember that liquidity will run significantly thinner in the second half of the week as the US enters the Thanksgiving holiday period.”