By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: USD: Benefiting from Favorable Seasonal Trends – ING
Share
Notification Show More
Latest News
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > USD: Benefiting from Favorable Seasonal Trends – ING
Forex

USD: Benefiting from Favorable Seasonal Trends – ING

News Room
Last updated: 2025/01/04 at 4:28 AM
News Room
Share
3 Min Read
SHARE

Trump’s policies are set to trigger further strengthening of the US Dollar (USD), with European currencies, particularly the Euro (EUR), facing pressure from protectionism and monetary easing. According to ING’s FX analyst Francesco Pesole, emerging market currencies are also expected to have a challenging year. The USD has historically been strong in January and February, and this trend is expected to continue. Despite a strong performance in December, with DXY breaking a seven-year losing streak, the USD is likely to maintain its strength in the face of potential economic headwinds.

The President-elect’s vocal stance on protectionism and fiscal stimulus has already been factored into market expectations, contributing to the current strength of the dollar. Unless there is a significant shift in Trump’s rhetoric before his inauguration on January 20, the USD is expected to remain solid at the beginning of the year. However, the risk of a Plaza Accord 2.0, which could artificially devalue the dollar, remains a concern for the currency’s stability. The USD is expected to have a solid base of support as long as Trump maintains his current stance on economic policies.

US economic indicators, such as jobless claims and the ISM manufacturing index, will play a significant role in shaping market sentiment towards the USD. While jobless claims slowed in the last week of 2024, the ISM manufacturing index for December will provide further insight into the health of the US manufacturing sector. Consensus forecasts suggest a contraction in the index, which could impact the USD’s performance in the short term. Despite potential corrections in the USD, factors such as economic growth concerns and rising gas prices are expected to support the currency against European counterparts.

Overall, the macro and political landscape points towards further strengthening of the USD, with a target of 110.0 in DXY. The combination of Trump’s policies, market expectations, and economic indicators are likely to underpin the USD’s position in the global currency market. While European currencies may face challenges due to protectionism and monetary policies, the USD is expected to maintain its strength amidst a potentially volatile environment. Investors should keep a close eye on key economic indicators and political developments to gauge the future direction of the USD and other major currencies.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room January 4, 2025
Share this Article
Facebook Twitter Copy Link Print
Previous Article Montenegro’s Security Council discusses strategies to reduce illegal weapons
Next Article Bahraini Parliament to Discuss Legislation Involving Imams and Muezzins in Public Sector
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE May 27, 2025
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle May 23, 2025
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World May 22, 2025
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto May 22, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?