# FX Daily: Central banks turn a blind eye to political events | articles | ING THINK

> The Fed and Bank of England both cut rates by 25bp as expected, and their guidance was balanced. Post-election dollar longs were partly unwound, which ING views as a positioning adjustment rather than a change in the Trump trade. ING keeps a bearish euro bias.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5812-fx-daily-central-banks-turn-a-blind-eye-to-political-events-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Partial unwinding of dollar longs reduces near-term dollar support, which can modestly ease pressure on dollar-priced feed commodities, while the euro's bearish bias keeps imported feed costs elevated for euro buyers.

## Read by commodity

- DXY: neutral
- EURUSD: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-central-banks-turn-a-blind-eye-to-political-events/

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