Risks look skewed to a mildly stronger Dollar today – ING

FX markets are consolidating after a few risk-on days. Economists at ING analyze USD outlook.

Waiting for the Fed pushback

For today, it looks like a relatively quiet session, although the focus will be on how aggressively the line-up of Fed speakers wants to push back against the recent weakening of US financial conditions.

Risks look skewed to a mildly stronger Dollar today. 

DXY closing above 105.50 undoes some of last week's bearish work. But from where we stand, it looks like DXY might bounce around in a broad 104.50-106.50 range into year-end.