# Our three FX calls for 2022 | articles | ING THINK

> ING expects the US dollar to stay strong in 2022 as the Federal Reserve tightens faster and the euro and yen weaken. It forecasts EUR/USD reaching 1.10 and USD/JPY possibly reaching 120 during the year. The outlook also expects commodity currencies to firm on terms-of-trade gains.

- Date: 2021-12-02 · published 2021-12-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43824-our-three-fx-calls-for-2022-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A persistently strong dollar tends to pressure dollar-denominated grain and oilseed prices while raising import costs for emerging-market feed buyers.

## Read by commodity

- DXY: 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 | 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% |
| DXY | 2021-11-17 | [G10 FX Outlook 2022: Mid-cycle dollar strength \| articles \| ING THINK](https://feedsoft.ai/events/43960-g10-fx-outlook-2022-mid-cycle-dollar-strength-articles-ing-think.md) | +0.8% | +1.1% |
| 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 | 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% |

## Sources

- think.ing.com: https://think.ing.com/articles/macro-our-three-fx-themes-for-2022/

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