The US remains on an encouraging disinflation track, but the Dollar is not turning lower. This is, in our view, due to a lack of attractive alternatives given warning growth signals in other parts of the world (such as the Eurozone and China).
Evidence of a US economic slowdown is needed to bring USD substantially lower.
DXY may consolidate above 102.00 over the next few days.
The recent price action denotes a reluctance to rotate away from the USD, in the view of economists at ING.
Disinflation not enough for the bears
منبع: https://www.fxstreet.com/news/a-substantial-dollar-decline-is-not-on-the-cards-for-the-moment-ing-202308111042