ING FX Strategy Research discusses the USD outlook into today's US industrial production for the month of October (9:15 am EST).
"Our economists look for healthy Oct US Industrial Production reading pointing to a near 3% GDP growth in 4Q17. This should partly help USD vs EUR and JPY which both benefited from a challenging risk environment over the past two days.
Yet, with the Dec Fed rate hike priced with 90% probability, we don’t expect a material impact on USD, but rather a semi-correction or stabilisation move following the recent USD weakness vs EUR and JPY," ING argues.
Source: ING Global Markets ResearchOriginal Article
