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ING Bank N.V.

June 16, 2026

FX Daily Dollar Shrugs Off Oil Sell-off

Daily UpdateFXRates Govt BondsEnergy

The US dollar maintains strength despite an oil sell-off as markets re-focus on central bank monetary policy. Regional analysis includes updates on the Bank of Japan's rate hike and CEE currency dynamics.

Key Takeaways

  • 1.The US dollar is rallying as markets shift focus back to central bank policy and away from oil price movements following the US-Iran deal.
  • 2.The Bank of Japan hiked rates to 1.00%, but the move is viewed as limited in its impact on the yen as policy remains accommodative.

Table of Contents

  • FX Daily: Dollar shrugs off oil sell-off
  • USD: Fed story dominates over oil
  • EUR: Very unstable floor
  • JPY: BoJ hike no game-changer for yen
  • CEE: Tighter differentials don't allow the FX to rally too much

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Authors

Francesco PesoleChris TurnerFrantisek Taborsky

Securities

EURUSDUSDJPY

Themes

Central Bank PolicyGeopolitical Stability

Regions

Asia PacificEuropeUnited StatesJapanAustralia

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ING Bank N.V.Daily UpdateEURUSDUSDJPYFXRates Govt Bonds

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