DXY: Retreat extends but floor holds – ING

ING’s Chris Turner notes that risk assets are rebounding after the Iran ceasefire, with higher equities, a bullish steepening in yield curves and broad currency gains against the US Dollar (USD). ING’s Chris Turner notes that risk assets are rebounding after the Iran ceasefire, with higher equities, a bullish steepening in yield curves and broad currency gains against… ING’s Chris Turner notes that risk assets are rebounding after the Iran ceasefire, with higher equities, a bullish steepening in yield curves and broad currency gains against the US Dollar (USD). ING’s Chris Turner notes that risk assets are rebounding after the Iran ceasefire, with higher equities, a bullish steepening in yield curves and broad currency gains against the US Dollar (USD). He argues March’s Dollar strength is unlikely to fully unwind, even as US Dollar Index (DXY) has gapped lower and could fall toward 98.50, with Fed cuts only modestly priced for late 2026.DXY slide seen limited near 98"Expect now… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.