# FX: A dollar decline is delayed, not deterred | ING THINK

> ING analysts said the dollar is expensive to sell after the rise in US Treasury yields, but they still favour a weaker dollar for the rest of 2024. They target EUR/USD at 1.14, expect the Fed to cut more than markets price, and remain positive on commodity currencies.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31396-fx-a-dollar-decline-is-delayed-not-deterred-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 medium-term dollar decline would support dollar-priced commodities and lower import costs for non-US buyers. The near-term outlook is range-bound, so the immediate effect on feed prices is limited.

## Read by commodity

- DXY: neutral
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| DXY | 2026-01-30 | [Affording the dollar’s decline \| UBS Global](https://feedsoft.ai/events/21242-affording-the-dollar-s-decline-ubs-global.md) | +0.9% | +0.3% |
| DXY | 2019-06-07 | [Fed easing and the dollar: Necessary, but not sufficient \| articles \| ING THINK](https://feedsoft.ai/events/58788-fed-easing-and-the-dollar-necessary-but-not-sufficient-articles-ing-think.md) | -0.3% | -0.7% |
| DXY | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | +0.2% | -0.1% |
| DXY | 2018-02-26 | [The one interest rate differential that is driving the US dollar \| ING THINK](https://feedsoft.ai/events/66696-the-one-interest-rate-differential-that-is-driving-the-us-dollar-ing-think.md) | +0.6% | -0.3% |
| EURUSD | 2018-01-29 | [G10 FX Week Ahead: State of the dollar \| ING THINK](https://feedsoft.ai/events/67209-g10-fx-week-ahead-state-of-the-dollar-ing-think.md) | +0.2% | -1.0% |
| EURUSD | 2021-03-04 | [FX: Dollar bounce underwhelms \| articles \| ING THINK](https://feedsoft.ai/events/10066-fx-dollar-bounce-underwhelms-articles-ing-think.md) | -1.4% | -2.7% |
| EURUSD | 2025-04-16 | [G10 FX Talking: The medium-term dollar bear trend develops \| articles \| ING THINK](https://feedsoft.ai/events/7250-g10-fx-talking-the-medium-term-dollar-bear-trend-develops-articles-ing-think.md) | +1.6% | -1.0% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-a-dollar-decline-is-delayed-not-deterred/

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