International Netherlands: The recovery of the US dollar may still be relatively limited.

On May 28, ING analyst Francisco Pesole pointed out in a report that the recovery of the dollar may still be limited due to the market’s continued concerns about slowing U.S. economic growth and budget deficits. He said the rebound in the Conference Board’s May U.S. consumer confidence survey data contributed to the dollar’s strength. However, more positive data is needed to rebuild confidence in US economic growth, and deficit concerns “will not dissipate anytime soon”. The US dollar continues to face “downside risks” in the near term. “The upside in consumer confidence data unexpectedly reduces these risks, but we remain cautious about chasing the dollar index above the 100 mark.”