US Dollar to recover some ground before a clearer downtrend emerges – ING

It has been a quiet start to the week in FX. Today, economists at ING will keep an eye on a speech by Fed member John Williams ahead of Thursday’s US Consumer Price Index (CPI) DXY should keep hovering around the 102.50 level today Markets are in wait-and-see mode ahead of Thursday’s US CPI data and currently lacking a clear sense of direction.