# FX: No snap or crackle as Chequers goes pop | articles | ING THINK

> Analysts at ING say the EU's rejection of the UK's Chequers Brexit plan at the Salzburg summit produced only muted reaction in EUR/GBP. They expect continued dollar softness against G10 and emerging-market currencies, and they note that the Fed is already largely priced for the rest of the year.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63261-fx-no-snap-or-crackle-as-chequers-goes-pop-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to support dollar-denominated commodity prices, including grains and oilseeds, and it can ease import costs for emerging-market feed buyers. The effect is small here because the commentary describes limited market reaction.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-01-19 | [Rates Spark: The party goes on \| articles \| ING THINK](https://feedsoft.ai/events/38006-rates-spark-the-party-goes-on-articles-ing-think.md) | -0.1% | +1.2% |
| DXY | 2018-12-13 | [EUR & ECB: No fireworks \| articles \| ING THINK](https://feedsoft.ai/events/61767-eur-and-ecb-no-fireworks-articles-ing-think.md) | -0.1% | -1.9% |
| DXY | 2020-04-02 | [FX: In the dollar we do not trust \| articles \| ING THINK](https://feedsoft.ai/events/53574-fx-in-the-dollar-we-do-not-trust-articles-ing-think.md) | -0.5% | -0.8% |
| DXY | 2023-11-21 | [FX Daily: Renminbi shorts on the run \| articles \| ING THINK](https://feedsoft.ai/events/12028-fx-daily-renminbi-shorts-on-the-run-articles-ing-think.md) | -0.6% | -0.7% |
| 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% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-no-snap-or-crackle-as-chequers-goes-pop/

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