ING: USD likely to continue trading in higher range

ING said the dollar is likely to continue trading in a higher range after its rally following the U.S. presidential election. ING analyst Chris Turner said in a report that as markets prepare for a second term for Trump, they no longer expect the Federal Reserve to cut interest rates in December. Developments in overseas economies are also "far from encouraging." Turner said U.S. economic data, including initial claims, are unlikely to have an impact on the market, and the dollar index should continue to trade in its new 106-107 range. (Jinshi)