The dollar is unlikely to rise much further in the short term

April 17th, ING analyst Turner said in a report that after the dollar fell to a one-year low last week, it was boosted by Fed official Waller’s comments on Friday that further interest rate hikes were needed. Already recovered, but further significant gains are unlikely. Turner said Waller’s comments came amid lackluster U.S. retail sales data and that while the Fed is likely to raise interest rates by 25 basis points in May, it should pause thereafter. The dollar “may not rise much further in the near term,” he said, keeping the dollar index in a tight range of 101.00-102.00.