# FX Talking: The beginning of the end of the dollar’s rally | reports | ING THINK

> ING expects escalation of the US-China trade conflict and at least two Fed rate cuts, suggesting the dollar rally has peaked. It forecasts USD/CNY held below 7.00 and Latin American currencies outperforming.

- Date: 2019-06-17 · published 2019-06-17T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker dollar and firmer Latin American currencies tend to support dollar-denominated commodity prices, while Brazilian real strength can encourage farmer selling of soy and corn.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲
- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-14 | [FX Talking July: The dollar’s break point \| reports \| ING THINK](https://feedsoft.ai/events/9981-fx-talking-july-the-dollar-s-break-point-reports-ing-think.md) | +0.4% | +1.7% |
| DXY | 2020-03-23 | [FX Talking: I need a dollar \| reports \| ING THINK](https://feedsoft.ai/events/6586-fx-talking-i-need-a-dollar-reports-ing-think.md) | -2.0% | -1.7% |
| DXY | 2018-01-29 | [G10 FX Week Ahead: State of the dollar \| ING THINK](https://feedsoft.ai/events/67209-g10-fx-week-ahead-state-of-the-dollar-ing-think.md) | +0.4% | +1.0% |
| DXY | 2024-01-24 | [FX Daily: Unwinding the spurious dollar rally \| articles \| ING THINK](https://feedsoft.ai/events/32330-fx-daily-unwinding-the-spurious-dollar-rally-articles-ing-think.md) | -0.4% | -0.1% |
| DXY | 2025-04-16 | [G10 FX Talking: The medium-term dollar bear trend develops \| articles \| ING THINK](https://feedsoft.ai/events/7250-g10-fx-talking-the-medium-term-dollar-bear-trend-develops-articles-ing-think.md) | -1.1% | -0.7% |
| USDBRL | 2024-02-16 | [Latam FX Talking: Rethinking the real \| ING THINK](https://feedsoft.ai/events/31876-latam-fx-talking-rethinking-the-real-ing-think.md) | +0.0% | +0.4% |
| USDBRL | 2024-07-10 | [Latam FX Talking: Making the most of a short-lived rebound \| articles \| ING THINK](https://feedsoft.ai/events/9456-latam-fx-talking-making-the-most-of-a-short-lived-rebound-articles-ing-think.md) | +0.5% | +3.9% |
| USDBRL | 2020-12-04 | [LATAM FX Talking: FX gains as risk appetite solidifies \| reports \| ING THINK](https://feedsoft.ai/events/49854-latam-fx-talking-fx-gains-as-risk-appetite-solidifies-reports-ing-think.md) | -1.1% | +3.5% |

## Sources

- think.ing.com: https://think.ing.com/reports/fx-talking-the-beginning-of-the-end-of-the-dollars-rally/

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