US Dollar Index to dip to 95.70 on Lagarde unable to downplay 2022 rate hike expectations – ING

The US Dollar Index (DXY) is now 1.3% off last week's high and unwinding most of last week's gains. In the opinion of economists at ING, the dollar could stay under a little pressure.

Softer US ISM services index unlikely to move the dollar

“A softer US ISM services index looks unlikely to move the dollar.”

“DXY could dip to the 95.70 area should Christine Lagarde not find the right words to downplay expectations of a 2022 ECB rate hike.”

See – ECB Preview: Forecasts from 12 major banks, under pressure to explain its stance on inflation