Dollar slips as ING cites fragile risk, Dec Fed hike view
ING’s Francesco Pesole says the dollar has limited scope to fall because bond markets and risk sentiment remain fragile, with the Fed expected to raise rates again in December.
0927 GMT - The dollar has limited scope to fall while bond markets and risk sentiment stay fragile, and the Federal Reserve is still expected to raise interest rates again in December, ING's Francesco Pesole says in a note. The dollar has given back some ground as the sharp rise in Treasury yields pauses, but the note says that move remains limited.