Live Updates > Live Update Details
2026-02-19 17:02:41
[ING: Dollar Remains Under Pressure, But Trade Data May Provide Short-Term Support] ⑴ Turner, Global Head of Markets at ING, stated that the dollar remains under pressure overall, but may find some support in the short term. Market focus is shifting from the labor market to inflation data. ⑵ Turner pointed out that inflation data needs to continue declining to validate the current currency market's expectation of two rate cuts this year. If the rate cut expectation materializes, lower interest rates will reduce the attractiveness of dollar-denominated assets to some foreign investors. ⑶ Today's market focus will be on the December trade balance data. Turner believes that if the December trade deficit is lower than expected, it will enhance market optimism regarding tomorrow's fourth-quarter GDP data and may provide short-term support for the dollar. ⑷ As of press time, the dollar index fell 0.1% to 97.62. The market is awaiting trade and GDP data to further assess the dollar's trajectory. Any better-than-expected economic data could temporarily alleviate the dollar's weakness.
