# FX Daily: Soft euro story dominates | articles | ING THINK

> The DXY dollar index held gains as US rates were repriced higher and the market moved away from pricing a December Fed rate cut. Analysts said investors were bracing for Trump's policies and weak overseas economies, keeping the euro subdued.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/27713-fx-daily-soft-euro-story-dominates-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firm dollar pressures dollar-priced commodities such as grains and oilseeds and raises import costs in other currencies. Higher US rates reinforce that pressure.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| DXY | 2020-03-13 | [FX daily: Dislocation, dislocation, dislocation \| articles \| ING THINK](https://feedsoft.ai/events/6276-fx-daily-dislocation-dislocation-dislocation-articles-ing-think.md) | +3.8% | +1.6% |
| DXY | 2024-04-17 | [FX Daily: The big unwinding \| articles \| ING THINK](https://feedsoft.ai/events/30940-fx-daily-the-big-unwinding-articles-ing-think.md) | -0.3% | -1.0% |
| DXY | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.3% | -2.7% |
| DXY | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | +1.1% | +1.7% |
| EURUSD | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.5% | +1.5% |
| EURUSD | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | -1.4% | -2.6% |
| EURUSD | 2023-09-28 | [FX Daily: Perfect storm drives dollar stronger still \| articles \| ING THINK](https://feedsoft.ai/events/34306-fx-daily-perfect-storm-drives-dollar-stronger-still-articles-ing-think.md) | +0.1% | +0.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-soft-euro-story-dominates/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.