# More bad news for US dollar bears? | articles | ING THINK

> ING analysts discuss the recent short-squeeze rally in the US dollar and preview a busy week of US data and the May FOMC meeting. They argue markets are split between US economic divergence and rest-of-world convergence.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/65687-more-bad-news-for-us-dollar-bears-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

A firmer dollar and expectations of Fed hikes tend to weigh on dollar-denominated grain and meal prices and can shift export competitiveness for Brazil, Argentina and Black Sea origins.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-07-31 | [Fed meeting: beware the dollar’s resilience \| articles \| ING THINK](https://feedsoft.ai/events/58016-fed-meeting-beware-the-dollar-s-resilience-articles-ing-think.md) | +0.9% | +1.8% |
| DXY | 2018-07-24 | [US: Trumping the doubters \| articles \| ING THINK](https://feedsoft.ai/events/63950-us-trumping-the-doubters-articles-ing-think.md) | -0.7% | +0.8% |
| DXY | 2019-03-08 | [FX: Dollar against the low yielders \| articles \| ING THINK](https://feedsoft.ai/events/60268-fx-dollar-against-the-low-yielders-articles-ing-think.md) | -0.6% | -0.5% |
| DXY | 2020-02-21 | [G10 FX Week Ahead: The dollar way or the highway \| articles \| ING THINK](https://feedsoft.ai/events/54808-g10-fx-week-ahead-the-dollar-way-or-the-highway-articles-ing-think.md) | +0.1% | +6.7% |
| DXY | 2023-11-03 | [FX: Dollar to defy seasonal trends \| articles \| ING THINK](https://feedsoft.ai/events/11460-fx-dollar-to-defy-seasonal-trends-articles-ing-think.md) | -0.6% | -2.0% |
| EURUSD | 2019-03-08 | [FX: Dollar against the low yielders \| articles \| ING THINK](https://feedsoft.ai/events/60268-fx-dollar-against-the-low-yielders-articles-ing-think.md) | +0.8% | +0.0% |
| EURUSD | 2023-09-28 | [FX Daily: Perfect storm drives dollar stronger still \| articles \| ING THINK](https://feedsoft.ai/events/34306-fx-daily-perfect-storm-drives-dollar-stronger-still-articles-ing-think.md) | +0.1% | +0.2% |
| EURUSD | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | -0.1% | +1.0% |

## Sources

- think.ing.com: https://think.ing.com/articles/us-dollar-looking-for-a-fresh-start/

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