Loading…
ING's FX strategists say the medium-term dollar bear trend is developing, with EUR/USD trading around 1.1342 and a mildly bullish one-month bias. They expect a 1.12 to 1.16 range this quarter and a mildly bearish USD/JPY outlook, with real-money flows driving the rally.
A sustained dollar decline would tend to lift dollar-priced commodities and could raise the relative cost of US feed exports for importers. Expected Federal Reserve easing adds to the dollar-weakness outlook.
think.ing.comChris Turner, Francesco PesoleApr 16, 2025After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
