USD to see a pause or a small correction rather than further appreciation today – ING

Time for the Dollar to pause? We could see a pause in the Dollar appreciation today, economists at ING report.

Jobless claims might deliver another bad surprise to the greenback

“With EUR/USD close to the pivotal 1.0800 support level and the news coming from Washington admittedly more encouraging, we could see a stabilisation, or a small correction in the Dollar, rather than further appreciation today.”

“Data will also be in focus in the US with jobless claims, which surprised on the upside recently, expected to decline from 264K to 252K, possibly carrying some downside risk to the greenback.”