ING Groep: The US dollar is likely to remain relatively weak this week

ING Groep stated in a research report that the US dollar is likely to remain relatively weak. The report pointed out that the dollar started the week on a weak note, which may be partly related to the market's anticipation of a Federal Reserve interest rate cut later this week. ING Groep noted that the dollar's weakness is also influenced by a moderate external environment. With corporate confidence remaining resilient and core borrowing costs expected to decline, global stock markets continue to rise slightly. The report stated that typically, such a situation would encourage capital to flow into risk assets and non-dollar markets, thereby reducing investors' demand for safe-haven currencies—the US dollar. ING Groep indicated that the market's focus on Tuesday will be on US retail sales data