# ING's dollar forecast: interest rates will determine direction

> ING strategist Francesco Pesole said the dollar needs interest rate differentials to turn against it for further declines, with DXY expected at 101.00-101.50. The dollar index fell to about 101.2 after the US midterm results, while dollar/lira hit a record high near 50.06.

- Date: 2026-11-05 · published 2026-11-05T12:10:27.701Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/81665-ing-s-dollar-forecast-interest-rates-will-determine-direction
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

A softer dollar index tends to support dollar-priced grain and oilseed contracts, while the record lira level increases import costs for Turkish feed buyers.

## Read by commodity

- DXY: bearish ▼
- USDTRY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-06-14 | [Dollar falls after Fed interest rate decision](https://feedsoft.ai/events/10197-dollar-falls-after-fed-interest-rate-decision.md) | +0.6% | -0.9% |
| DXY | 2024-09-30 | [US Dollar Forecast: Fed’s easing weighs on the Dollar](https://feedsoft.ai/events/28507-us-dollar-forecast-fed-s-easing-weighs-on-the-dollar.md) | +0.9% | +3.1% |
| DXY | 2021-09-17 | [Euro-Dollar Rate Heavy Despite Leaked ECB Inflation Forecasts](https://feedsoft.ai/events/45270-euro-dollar-rate-heavy-despite-leaked-ecb-inflation-forecasts.md) | +0.2% | +0.7% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |

## Sources

- borsabakis.com: https://www.borsabakis.com/doviz/ing-dolarin-yonunde-faiz-hareketlerini-one-cikardi-11155/

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