# FX: Time to reconnect with rates and fundamentals | articles | ING THINK

> ING analysts said investors have grown more optimistic about de-escalation in Ukraine, leaving little geopolitical risk premium in currency markets. They expect FX to reconnect with interest rate differentials and fundamentals, implying a stronger dollar and EUR/USD falling back below 1.10. The note cites the Swedish krona as stronger than before the invasion.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/42467-fx-time-to-reconnect-with-rates-and-fundamentals-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 stronger dollar on rate divergence would lower dollar-denominated grain and oilseed prices and make U.S. feed ingredients relatively more expensive for importers. The view is an FX forecast rather than a new supply shock.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-19 | [Rates Spark: The yield race to the top continues \| articles \| ING THINK](https://feedsoft.ai/events/36670-rates-spark-the-yield-race-to-the-top-continues-articles-ing-think.md) | +0.4% | +0.1% |
| DXY | 2018-05-30 | [Why we’re forecasting the yuan to depreciate \| articles \| ING THINK](https://feedsoft.ai/events/65232-why-we-re-forecasting-the-yuan-to-depreciate-articles-ing-think.md) | +0.0% | +1.0% |
| 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 | 2019-05-08 | [EM FX: Floating in a sea of red \| articles \| ING THINK](https://feedsoft.ai/events/10432-em-fx-floating-in-a-sea-of-red-articles-ing-think.md) | +0.3% | +0.4% |
| DXY | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | -0.6% | -1.8% |
| EURUSD | 2019-11-28 | [EUR: The funding currency \| articles \| ING THINK](https://feedsoft.ai/events/56282-eur-the-funding-currency-articles-ing-think.md) | +0.9% | +1.6% |
| 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% |
| EURUSD | 2023-03-15 | [FX Markets: Pressure switches to Europe \| articles \| ING THINK](https://feedsoft.ai/events/10079-fx-markets-pressure-switches-to-europe-articles-ing-think.md) | +0.4% | +1.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-time-to-reconnect-with-rates-and-fundamentals/

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