# FX Daily: Hawks versus data, part one | articles | ING THINK

> ING's FX commentary says the Bank of Canada and ECB meetings will test the hawkish narrative against slowing inflation and growth. US PMIs came in strong, supporting the dollar, while US political uncertainty around the House Speaker and a mid-November government funding deadline weighed on risk assets.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/33851-fx-daily-hawks-versus-data-part-one-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A firm US dollar and hawkish-versus-dovish central bank divergence shift currency relationships that affect dollar-denominated commodity prices and import costs abroad.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- USDCAD: bullish ▲

## 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 | 2024-02-06 | [FX Daily: On the path to KRW deliverability \| articles \| ING THINK](https://feedsoft.ai/events/31904-fx-daily-on-the-path-to-krw-deliverability-articles-ing-think.md) | -0.3% | -0.4% |
| 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 | 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 | 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 | 2024-04-12 | [FX Daily: From Fed dependence to Fed divergence \| articles \| ING THINK](https://feedsoft.ai/events/9972-fx-daily-from-fed-dependence-to-fed-divergence-articles-ing-think.md) | -0.6% | +0.5% |
| EURUSD | 2024-11-21 | [FX Daily: Soft euro story dominates \| articles \| ING THINK](https://feedsoft.ai/events/27713-fx-daily-soft-euro-story-dominates-articles-ing-think.md) | +0.5% | -1.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-hawks-versus-data-part-one/

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