# FX Daily: Trading the hemispheres | ING THINK

> ING's FX daily notes US daily Covid-19 cases hitting records above 80,000 and broader lockdowns across Europe. It expects Asian currencies with better virus profiles to attract attention, and sees the dollar index possibly drifting back toward 93.50.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50879-fx-daily-trading-the-hemispheres-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A firmer dollar from the virus backdrop raises the local-currency cost of dollar-priced feed imports for emerging-market buyers, while a weaker dollar would have the opposite effect.

## Read by commodity

- DXY: neutral
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-28 | [FX Daily: Hawkish drift \| ING THINK](https://feedsoft.ai/events/7167-fx-daily-hawkish-drift-ing-think.md) | +0.6% | +2.5% |
| DXY | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | +0.2% | -0.9% |
| DXY | 2023-11-30 | [FX Daily: Dollar rebound increasingly hinges on activity data \| articles \| ING THINK](https://feedsoft.ai/events/33381-fx-daily-dollar-rebound-increasingly-hinges-on-activity-data-articles-ing-think.md) | +0.6% | -1.2% |
| DXY | 2025-01-01 | [Sterling edges up in holiday-thinned trading](https://feedsoft.ai/events/27200-sterling-edges-up-in-holiday-thinned-trading.md) | -0.2% | -0.9% |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| USDCNY | 2024-11-14 | [Asia FX Talking: China will try to hold the line \| articles \| ING THINK](https://feedsoft.ai/events/6697-asia-fx-talking-china-will-try-to-hold-the-line-articles-ing-think.md) | +0.3% | +0.6% |
| USDCNY | 2025-04-29 | [Chinese yuan at a glance: There and back again \| articles \| ING THINK](https://feedsoft.ai/events/25350-chinese-yuan-at-a-glance-there-and-back-again-articles-ing-think.md) | -0.3% | -1.4% |
| USDCNY | 2023-11-15 | [Asia FX Outlook 2024: Event risk could dominate \| articles \| ING THINK](https://feedsoft.ai/events/33436-asia-fx-outlook-2024-event-risk-could-dominate-articles-ing-think.md) | -1.6% | -1.1% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-trading-the-hemispheres/

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