ING predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.
ING Predicts a Slight Rebound for the Dollar Due to Hawkish Surprise from the FedThe US dollar has been on a downward trend for the past few months, with the COVID-19 pandemic and the Federal Reserve's monetary policies being the primary drivers. However, ING, a leading global bank, predicts that the dollar may experience a slight rebound due to a moderate hawkish surprise from the Fed.What is a hawkish surprise?A hawkish surprise is a term used to describe a shift in monetary policy towards tighter monetary conditions. This shift can