US Dollar Index to retest the highs later this year – ING

The US Dollar Index builds on Friday's gains and holds in positive territory near 1110.00. Economists at ING expect DXY to retest the highs later this year.

Break of 111.00/10 could open up a move to the 111.80 area

“It looks as though the dollar's month-long, 4.5% correction could have ended last Thursday and events this week could prove a catalyst to send the dollar back towards the highs”

“Our base case does see the dollar retesting the highs later this year.”

“A break of 111.00/10 in DXY today could open up a move to the 111.80 area.”