Report published June 16, 2026

FX Daily: Dollar Shrugs Off Oil Sell-off (16 June 2026) – ING Bank

ING · June 16, 2026

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.

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Finvaulta summarizes ING's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

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.

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

Report data

Monthly update of FX views and forecasts: FX Talking: Dollar downturn delayed

Metric	Estimate	Context
BoJ Policy Rate	1.00%	BoJ policy rate hike

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Authors / Editors

Francesco Pesole · FX StrategistChris Turner · Global Head of Markets and Regional Head of Research for UK & CEEFrantisek Taborsky · EMEA FX & FI Strategist