Financial markets started the new week on a cautious note. Economists at ING expect the US Dollar to move downward by the end of the week.“Lingering stress in the financial sector and defensive positioning ahead of the FOMC event risk should offer support to the Dollar. We could, ultimately, see a 25 bps move as a sign of confidence in the market’s solidity and along with some gradual easing in global banking turmoil, Dollar losses might start to emerge towards the back of the week.
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