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Dollar Might Struggle to Extend Gains Much Further

Published: Wednesday, October 22, 2025 · 8:56 AM  |  Updated: Wednesday, October 22, 2025 · 8:56 AM

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🗝️ Key Points

  • 0850 GMT – The dollar’s ability to extend this week’s gains looks limited, ING’s Francesco Pesole says in a note.
  • U.S.-China tensions could also reignite dollar fragility after President Trump suggested his upcoming meeting with China’s President Xi Jinping might not happen.
  • 0822 GMT – Sterling could extend its losses as Wednesday’s U.K.

0850 GMT – The dollar’s ability to extend this week’s gains looks limited, ING’s Francesco Pesole says in a note. U.S.-China tensions could also reignite dollar fragility after President Trump suggested his upcoming meeting with China’s President Xi Jinping might not happen. 0822 GMT – Sterling could extend its losses as Wednesday’s U.K. inflation data strengthen the case for the Bank of England to cut interest rates further by year-end, ING’s Francesco Pesole says in a note.

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