Dutch International: The dollar may continue to trade in a higher range

ChainCatcher news, ING stated that after the U.S. presidential election, the dollar has risen, and it may continue to trade in a higher range thereafter.

ING analyst Chris Turner mentioned in a report that as the market prepares for Trump's second presidential term, it no longer expects the Federal Reserve to cut rates in December. The development of overseas economies is also "far from inspiring." Turner noted that U.S. economic data, including initial claims, is unlikely to impact the market, and the dollar index should continue to trade within its new range of 106-107.