# ING Predictions: "We're Forecasting Broad-Based Dollar Weakness, By 5-10% Vs Most Currencies

> ING forecasts broad-based dollar weakness of 5-10% against most currencies into 2021, citing US transition tensions and the Treasury's decision to end several Fed emergency support facilities. Short-term safe-haven demand could briefly support the dollar if risk appetite falls.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/50332-ing-predictions-and-quot-we-re-forecasting-broad-based-dollar-weakness-by-5-10
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained dollar decline would generally lift dollar-denominated grain and oilseed prices and could shift import costs for buyers in emerging markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-25 | [Dollar weakness a double-edged sword for Asian currencies](https://feedsoft.ai/events/67222-dollar-weakness-a-double-edged-sword-for-asian-currencies.md) | -0.3% | +0.7% |
| DXY | 2021-08-30 | [Most Asian currencies firm as waning taper fears pressure US dollar - Markets - Business Recorder](https://feedsoft.ai/events/45811-most-asian-currencies-firm-as-waning-taper-fears-pressure-us-dollar-markets.md) | -0.7% | +0.4% |
| DXY | 2018-01-31 | [Silent correction in rupee, even as dollar weakens against major currencies \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/67255-silent-correction-in-rupee-even-as-dollar-weakens-against-major-currencies.md) | +0.4% | +1.2% |
| DXY | 2020-07-27 | [Dollar’s weakness boosts rally in commodities and currencies - Gulf Times](https://feedsoft.ai/events/5318-dollar-s-weakness-boosts-rally-in-commodities-and-currencies-gulf-times.md) | -0.8% | -0.9% |
| DXY | 2021-08-23 | [Rebound in commodity prices, weaker dollar lift Latam currencies - Markets - Business Recorder](https://feedsoft.ai/events/45760-rebound-in-commodity-prices-weaker-dollar-lift-latam-currencies-markets.md) | -1.0% | -0.5% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/31199/2020-11-20-ing-forecasting-broad-based-dollar-weakness-by-5-10pct-vs-most-currencies.html

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