# Dollar can stay broadly supported into FOMC – ING — Octa

> ING expects the dollar to remain resilient into the Federal Reserve's policy meeting, arguing the Fed will push back against early-peak speculation and talk of 2023 rate cuts. The bank expects volatility to pick up during the week, with high-beta currencies likely to underperform in risk-off conditions.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/37977-dollar-can-stay-broadly-supported-into-fomc-ing-octa
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar near term would pressure dollar-denominated commodity prices and raise import costs for currency-sensitive feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-31 | [US Dollar: Hawkish Fed pricing supports Dollar into payrolls – BBH](https://feedsoft.ai/events/18079-us-dollar-hawkish-fed-pricing-supports-dollar-into-payrolls-bbh.md) | -0.6% | +1.6% |
| DXY | 2019-05-24 | [ING: U.S. Dollar to Remain Supported as Markets for a Fed Rate Cut are Misplaced](https://feedsoft.ai/events/59252-ing-u-s-dollar-to-remain-supported-as-markets-for-a-fed-rate-cut-are-misplaced.md) | +0.4% | -1.2% |
| DXY | 2018-07-27 | [PIMCO's Joachim Fels: 5 factors supporting the US Dollar — Octa](https://feedsoft.ai/events/64225-pimco-s-joachim-fels-5-factors-supporting-the-us-dollar-octa.md) | +0.2% | +1.0% |
| DXY | 2016-12-29 | [Stay both commodity and dollar bullish in 2017 – Goldman Sachs — Octa](https://feedsoft.ai/events/73389-stay-both-commodity-and-dollar-bullish-in-2017-goldman-sachs-octa.md) | -1.0% | -2.1% |
| DXY | 2026-06-18 | [United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank](https://feedsoft.ai/events/18714-united-states-dollar-index-hawkish-fed-repricing-supports-gains-deutsche-bank.md) | +1.4% | +1.0% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1021169/

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