ING: The US dollar is resilient but risks are skewed to the downside.

Jin10 data reported on October 6, analysts from ING, Francesco Pesole, stated that the US dollar remains resilient but is still facing downside risks. Weekend news showed that there has been little progress on the US government shutdown issue, which means the release of official economic data will be further delayed. Investors will closely monitor the upcoming Fed meeting minutes this week for clues to determine whether Fed Chair Powell's cautious stance on further rate cuts is shared by a majority of committee members. ING noted that the risks seem slightly tilted towards dovish, which could trigger a negative reaction in the US dollar.