# Rates Spark: The weaker USD, the Fed and cross currency | articles | ING THINK

> ING analysts note the weaker US dollar is narrowing the yield pickup on EUR-to-USD cross-currency swaps, which has shrunk from around 200bp pre-Covid to about 100bp. They expect the Fed to offer few specifics at its upcoming meeting.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52298-rates-spark-the-weaker-usd-the-fed-and-cross-currency-articles-ing-think
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

This is a fixed-income and FX hedging analysis with little direct effect on feed commodity supply or demand; its only link is the broader dollar trend.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2020-03-02 | [US asset markets: What Fed cuts mean for US Treasuries and the dollar \| articles \| ING THINK](https://feedsoft.ai/events/7151-us-asset-markets-what-fed-cuts-mean-for-us-treasuries-and-the-dollar-articles.md) | +2.9% | +0.5% |
| EURUSD | 2020-12-08 | [EUR and ECB Crib Sheet \| articles \| ING THINK](https://feedsoft.ai/events/49861-eur-and-ecb-crib-sheet-articles-ing-think.md) | +0.1% | +1.0% |
| EURUSD | 2026-03-30 | [EUR/USD: Real interest rates still important \| articles \| ING THINK](https://feedsoft.ai/events/20373-eur-usd-real-interest-rates-still-important-articles-ing-think.md) | +0.0% | +1.7% |
| EURUSD | 2022-02-03 | [EUR/USD: A new range after the ECB meeting \| articles \| ING THINK](https://feedsoft.ai/events/9872-eur-usd-a-new-range-after-the-ecb-meeting-articles-ing-think.md) | +1.2% | -2.2% |
| EURUSD | 2021-03-10 | [EUR and ECB Cribsheet \| articles \| ING THINK](https://feedsoft.ai/events/48340-eur-and-ecb-cribsheet-articles-ing-think.md) | +0.1% | -0.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/rates-spark-not-much-to-go-on/

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