Above-consensus US retail sales and a dovish cut by the ECB are adding fuel to the dollar rally. USD/JPY above 150 will retest Japanese officials’ patience, while cable’s relative resilience may not last long. EUR/USD downside risks extend to 1.07 in the near term when adding potential defensive positioning ahead of the US election
Frantisek Taborsky is an EMEA FX&FI Strategist, contributing articles to ING and TalkMarkets. His expertise lies in analyzing and providing insights on foreign exchange and fixed income markets. His work has also been featured in Investing.com, making him a trusted source for market analysis and predictions.