{"id":193975,"date":"2023-11-15T15:17:57","date_gmt":"2023-11-15T09:47:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=193975"},"modified":"2023-11-15T15:17:57","modified_gmt":"2023-11-15T09:47:57","slug":"usd-bear-run-is-overdone-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/usd-bear-run-is-overdone-ing-crypto-news\/","title":{"rendered":"USD bear run is overdone \u2013 ING – Crypto News"},"content":{"rendered":"

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The Dollar plummeted after a softer-than-expected US CPI reading. Economists at ING analyze USD outlook<\/a>.<\/p>\n

Dollar slump looks overdone<\/h2>\n
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We still think a turn in activity data \u2013 more than the disinflation story \u2013 is needed to take the Dollar sustainably lower, and the move appears overdone also from a short-term valuation perspective.<\/p>\n<\/blockquote>\n

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Today, October Retail Sales will be watched closely after coming in very strong in September. Consensus is for a 0.3% MoM decline in the headline figure but a 0.2% increase in the index excluding auto and gas. The dollar should be very sensitive to the release. A soft reading may fuel speculation that softer growth is coming through and could add to disinflation to trigger more Fed dovish bets. However, US activity data has had a tendency to surprise on the upside, if anything, and it may be too early to see a slew of soft readings.<\/p>\n<\/blockquote>\n

See \u2013\u00a0US Retail Sales Preview: Forecasts from seven major banks, retreat in consumption for first time since March<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: The Dollar plummeted after a softer-than-expected US CPI reading. Economists at ING analyze USD outlook. Dollar slump looks overdone We still think a turn in activity data \u2013 more than the disinflation story \u2013 is needed to take the Dollar sustainably lower, and the move appears overdone also from a short-term valuation perspective. Today, […]<\/p>\n","protected":false},"author":2,"featured_media":8307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,255,250,252,247,253,791,249,334,256,254],"class_list":["post-193975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-retailsales","tag-safe-moon","tag-unitedstates","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=193975"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193975\/revisions"}],"predecessor-version":[{"id":193976,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/193975\/revisions\/193976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8307"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=193975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=193975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=193975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}