# FX Daily: Key takeaways from a “hawkish” week | ING THINK

> ING's weekly FX review highlights hawkish central bank decisions, including the ECB's enlarged but less flexible asset purchase programme and the Bank of England's surprise hike. It argues the dollar has weakened against G10 currencies and that Fed and BoE action is outpacing the ECB.

- Date: 2021-12-17 · published 2021-12-17T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43789-fx-daily-key-takeaways-from-a-hawkish-week-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Policy divergence favoring the dollar over the euro and sterling can shape export pricing for US feed commodities and the cost of imported inputs for European buyers.

## Read by commodity

- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | -0.1% | +1.0% |
| EURUSD | 2023-10-25 | [FX Daily: Hawks versus data, part one \| articles \| ING THINK](https://feedsoft.ai/events/33851-fx-daily-hawks-versus-data-part-one-articles-ing-think.md) | -0.3% | +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 | 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 | 2024-11-21 | [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-key-takeaways-from-a-hawkish-week/

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