USD unlikely to suffer a decline this week – ING

Another mixed US jobs report on Friday has maintained choppy conditions in FX markets. Economists at ING analyze USD outlook.

DXY seen trading well within a 101.80-102.80 range

This week looks unlikely to trigger the kind of benign Dollar decline around which the Rest of the World currencies can rally. Additionally, events in the Black Sea and what they could mean for food and energy prices could keep investors nervous about embracing disinflation trends. 

For today, we doubt Fed speakers will have a meaningful impact on the Dollar and can see DXY trading well within a 101.80-102.80 range.