ING expects the Fed to abandon its hawkish stance in the third quarter to push the dollar down.

[ING expects the Fed to abandon its hawkish stance in the third quarter will push the dollar down]. Chris Turner and Francesco Pesole, strategists at ING, wrote in a report that the Fed will have enough data to abandon its hawkish stance in the third quarter to push the dollar into a multi-year downward trend. "this will push the euro / dollar above 1.15 and the dollar / yen well below 130," they wrote. "the weakening trend in the dollar should boost most currencies around the world, especially those that benefit from the carry trade."