# USD: A different kind of decline | articles | ING THINK

> ING argues the dollar's decline in 2020 will be differentiated rather than broad, with the euro and yen not particularly overvalued. It expects any weakness to be concentrated against commodity currencies, which have been battered during 2019.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/55761-usd-a-different-kind-of-decline-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

If the dollar weakens against commodity currencies such as the Brazilian real, Australian dollar and Canadian dollar, exporters there may sell more aggressively, which affects feed grain and oilseed export pricing.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-11-01 | [USD: A swift Taylor shake off? \| articles \| ING THINK](https://feedsoft.ai/events/68155-usd-a-swift-taylor-shake-off-articles-ing-think.md) | +0.1% | -1.2% |
| DXY | 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) | -0.2% | -1.8% |
| DXY | 2018-06-26 | [For the US dollar, the only way is not up \| articles \| ING THINK](https://feedsoft.ai/events/64713-for-the-us-dollar-the-only-way-is-not-up-articles-ing-think.md) | +0.8% | -0.1% |
| DXY | 2017-04-19 | [Deconstructing Trump’s Dollar Talk \| articles \| ING THINK](https://feedsoft.ai/events/71683-deconstructing-trump-s-dollar-talk-articles-ing-think.md) | +0.2% | -0.2% |
| DXY | 2023-12-14 | [FX Daily: Fed brings tidings of comfort and joy \| articles \| ING THINK](https://feedsoft.ai/events/8299-fx-daily-fed-brings-tidings-of-comfort-and-joy-articles-ing-think.md) | -1.3% | -1.3% |
| USDBRL | 2024-07-10 | [Latam FX Talking: Making the most of a short-lived rebound \| articles \| ING THINK](https://feedsoft.ai/events/9456-latam-fx-talking-making-the-most-of-a-short-lived-rebound-articles-ing-think.md) | +0.5% | +3.9% |
| USDBRL | 2018-10-29 | [Bid on Brazil’s Bolsonaro \| articles \| ING THINK](https://feedsoft.ai/events/62739-bid-on-brazil-s-bolsonaro-articles-ing-think.md) | +0.7% | +6.1% |
| USDBRL | 2022-12-13 | [Latam FX: Fiscal fundamentals \| articles \| ING THINK](https://feedsoft.ai/events/38430-latam-fx-fiscal-fundamentals-articles-ing-think.md) | -0.5% | -2.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-usd-a-different-kind-of-decline/

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