Dollar to stay around strong levels for a bit longer on market’s hawkish repricing of Fed expectations – ING

Fed’s hawkish hold can put a floor under the Dollar, in the opinion of economists at ING.

Fed to hold today but signal more tightening is possible

We expect the Fed to hold today but signal more tightening is possible. 

The endorsement of market pricing for futures hikes can ultimately keep the Dollar around strong levels for a bit longer: that is until data takes a decisive turn for the worse in the US..

See – FOMC Preview: Banks expect the Fed to take a break, but signal higher rates ahead