USD Index: A return to 104.00 remains a tangible possibility in the coming days – ING

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US Dollar Index consolidates weekly gains above 103.00. Economists at ING analyze DXY’s outlook.

Balance of risks is moderately tilted to the upside for the Dollar

The US calendar is empty today and the focus will likely be on bond market dynamics after back-end yields touched fresh multi-year highs on Thursday. 

The combined effect of high yields and growing risks in China suggests the balance of risks is moderately tilted to the upside for the Dollar. 

A return to 104.00 in DXY remains a tangible possibility in the coming days.