# FX, Rates and Commodities at a glance | articles | ING THINK

> ING's outlook for 2024 expects lower market rates, a weaker US dollar and possible geopolitical tension. It sees the dollar's next major decline arriving in the second quarter as the Fed begins easing. It also notes that the dollar is recovering some late-2023 losses.

- Date: 2024-01-11 · published 2024-01-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/32030-fx-rates-and-commodities-at-a-glance-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar in the second half of 2024 would support dollar-denominated commodity prices and export competitiveness. The forecast is a view on timing rather than a confirmed event.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-12 | [The Commodities Feed: All eyes on US CPI \| articles \| ING THINK](https://feedsoft.ai/events/36345-the-commodities-feed-all-eyes-on-us-cpi-articles-ing-think.md) | -0.4% | -0.6% |
| DXY | 2022-09-08 | [The Commodities Feed: USD strength and demand worries \| articles \| ING THINK](https://feedsoft.ai/events/14903-the-commodities-feed-usd-strength-and-demand-worries-articles-ing-think.md) | -0.3% | +1.6% |
| DXY | 2023-10-03 | [The Commodities Feed: It’s all about the yields \| articles \| ING THINK](https://feedsoft.ai/events/33531-the-commodities-feed-it-s-all-about-the-yields-articles-ing-think.md) | -0.1% | +0.6% |
| DXY | 2023-06-29 | [The Commodities Feed: Hawkish Fed comments weigh on the complex \| articles \| ING THINK](https://feedsoft.ai/events/35414-the-commodities-feed-hawkish-fed-comments-weigh-on-the-complex-articles-ing.md) | +0.4% | -1.2% |
| DXY | 2023-01-19 | [Rates Spark: The party goes on \| articles \| ING THINK](https://feedsoft.ai/events/38006-rates-spark-the-party-goes-on-articles-ing-think.md) | -0.1% | +1.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-rates-commodities-at-a-glace/

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