# FX Talking July: The dollar’s break point | reports | ING THINK

> ING's FX analysis says the first clear signs of US disinflation have pushed the dollar lower. It expects a series of lower inflation prints and one last Fed hike, with EUR/USD targeting 1.15.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/9981-fx-talking-july-the-dollar-s-break-point-reports-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 cyclical dollar decline supports pro-cyclical currencies and dollar-priced commodities. The forecast implies a weaker dollar over coming quarters, which tends to support export-oriented grain prices.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.9% | -1.1% |
| 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 | 2018-02-13 | [ECB’s Sisyphean task: To credibly talk down the euro \| reports \| ING THINK](https://feedsoft.ai/events/66704-ecb-s-sisyphean-task-to-credibly-talk-down-the-euro-reports-ing-think.md) | -0.4% | -0.2% |
| DXY | 2018-11-19 | [Brief relief from dollar repression \| ING THINK](https://feedsoft.ai/events/62248-brief-relief-from-dollar-repression-ing-think.md) | +0.6% | +0.4% |
| 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% |
| EURUSD | 2018-02-13 | [ECB’s Sisyphean task: To credibly talk down the euro \| reports \| ING THINK](https://feedsoft.ai/events/66704-ecb-s-sisyphean-task-to-credibly-talk-down-the-euro-reports-ing-think.md) | +0.7% | +1.1% |
| EURUSD | 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) | +0.2% | -1.0% |
| EURUSD | 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) | +1.6% | -1.0% |

## Sources

- think.ing.com: https://think.ing.com/reports/fx-talking-july-the-dollars-break-point/

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