ING: Dollar set to weaken on banking concerns, Fed rate cut prospects

On March 24, Francesco Pesole, foreign exchange analyst at ING Bank, said in a report that the dollar may weaken as concerns remain about the problems of regional banks in the United States, which should make the Fed cut interest rates later this year. Keep it up.

“The lack of a full-blown systemic crisis, which is positive for the dollar, but the absence of a dramatic improvement in U.S. regional banks should keep markets betting that the Fed will Time to ease policy.” This supports ING Bank’s “basically bearish dollar” bias.