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ING expects US June payrolls above 100k and sees EUR/USD climbing back to 1.150 in July. The bank notes the dollar rally is showing signs of fatigue and that oil has not reacted much to renewed US-Iran strikes.
The outlook is for a stable to firmer dollar, which weighs on dollar-priced grains and oilseeds. A Strait of Hormuz disruption would be the main upside risk to energy and fertilizer costs.
uk.investing.comFrancesco PesoleJun 29, 2026After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
