ING strategist Chris Turner said if Fed Chair KEVIN WARSH focuses on price
stability in remarks at the ECB forum in Sintra, the dollar should remain firm.
Warsh, at his first meeting as Fed chair in June, stressed the need to return
inflation to the 2% target; since then core PCE has risen 3.4% and the jobs
report was strong. Turner said a reversal in rate‑hike expectations would be
"surprising", while Warsh's remarks represent upside risk for the dollar. ING
expects the dollar index (DXY) could rebound to the 101.700–101.800 range on the
speech.
