# FX Talking: Summer of discontent keeps dollar in demand | reports | ING THINK

> ING analysts expect the Fed to deliver at least another 175 basis points of hikes this year, driving US real rates into restrictive territory. They argue the US economy and dollar are better positioned than Europe, where inflation is supply-driven and stagflation risk is higher.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7715-fx-talking-summer-of-discontent-keeps-dollar-in-demand-reports-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sustained dollar bid tends to pressure dollar-priced commodities and weakens demand from importers with weaker currencies. Slower global growth from tighter policy would also reduce demand for feed inputs.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-06-15 | 5 | +2.7% | 4.1 | ING expects at least 175bp more Fed hikes and sees the US better positioned than Europe, supporting dollar demand through rate and growth differentials. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-10-30 | [FX Daily: Fed discord delays dollar drop \| ING THINK](https://feedsoft.ai/events/22615-fx-daily-fed-discord-delays-dollar-drop-ing-think.md) | +1.1% | +0.4% |
| DXY | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | +0.1% | -0.4% |
| DXY | 2021-06-17 | [Dollar Tipped to Remain in Demand Following Fed](https://feedsoft.ai/events/6133-dollar-tipped-to-remain-in-demand-following-fed.md) | +1.1% | +1.7% |
| DXY | 2024-01-26 | [Ringgit Dips On Increasing Demand For U.S. Dollar](https://feedsoft.ai/events/32375-ringgit-dips-on-increasing-demand-for-u-s-dollar.md) | -0.4% | +0.2% |
| 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% |

## Sources

- think.ing.com: https://think.ing.com/reports/fx-talking-summer-of-discontent-keeps-dollar-in-demand/

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