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ING Bank N.V.

June 9, 2026

FX Daily Dollar Consolidates Recent Gains

Daily UpdateFXRates Govt BondsInformation Technology

The US dollar is consolidating recent gains as the market prepares for key US inflation data and central bank meetings. Meanwhile, Hungary's soft inflation print confirms impending NBH rate cuts.

Key Takeaways

  • 1.The US dollar is expected to consolidate recent gains, finding support on dips.
  • 2.Hungarian May inflation data (1.8% YoY) significantly undershot expectations, signaling NBH rate cuts are imminent.

Table of Contents

  • FX Daily: Dollar consolidates recent gains
  • USD: More consolidation
  • EUR: Holding pattern ahead of US CPI and ECB
  • CHF: Higher rate environment is CHF bearish
  • HUF: Inflation confirms that NBH rate cuts are a done deal

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Authors

Chris TurnerFrantisek TaborskyFrancesco Pesole

Securities

US TreasuryDXY

Themes

Fed Tightening ExpectationsCentral Bank Policy Divergence

Regions

Asia PacificEuropeUnited StatesChinaHungary

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ING Bank N.V.Daily UpdateDXYFXRates Govt Bonds

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