Forex
Dollar Downtrend Delayed by September Fed Hike
The dollar's downtrend has been delayed due to the September Fed hike.
According to ING THINK, this delay will impact various currency pairs, including EUR/USD and USD/JPY.
The EUR/USD pair is currently at 1.1623, with a one-month bias towards being bearish, targeting 1.15, 1.16, 1.18, and 1.19 over the next six months.
The USD/JPY pair is highly volatile, but ING THINK sees it as bullish in the long term, targeting 159.00, 158.00, and 157.00 over the next three to twelve months.