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FX Daily

Finvaulta tracks 48 editions of FX Daily from ING, published between May 11, 2026 and September 2, 2026. Each edition is summarized on its own page.

Latest edition · September 2, 2026

ING Think fx daily risks skewed to a stronger dollar

A more hawkish Federal Reserve led by Chair Kevin Warsh and rising energy prices are reinforcing US dollar strength across G10 FX. ING targets DXY grinding toward 100.10/20, EUR/USD sliding toward 1.15, and USD/CAD testing 1.400 as the Bank of Canada holds rates at 2.25%.

The US dollar continues to benefit from hawkish guidance following Fed Chair Kevin Warsh's speech and higher energy prices, making a September FOMC rate hike the market's new baseline. ING expects the cyclical Fed hawkishness to overpower dollar-debasement concerns, supporting DXY gains toward 100.10/20 and pressuring low-yielders like the Swiss franc and euro (targeting EUR/USD at 1.15 by month-end). Meanwhile, USD/JPY is projected to remain elevated in the 160/162 area despite hawkish remarks from BoJ's Hajime Takata, and USD/CAD risks extend to 1.400 as the Bank of Canada holds rates at 2.25% amid escalating US-Canada trade tensions.

Read the latest edition in full

Key takeaways from the latest edition

  • 1.The US dollar is supported by hawkish expectations following Fed Chair Kevin Warsh's speech, establishing a September rate hike as the baseline.
  • 2.EUR/USD faces mounting headwinds from higher energy prices and a hawkish Fed, with downside risks targeting 1.1520 and 1.15 by month-end.
  • 3.The Bank of Canada is expected to keep its policy rate on hold at 2.25%, with trade uncertainty and tariffs posing downside risks to CAD and pushing USD/CAD towards 1.400.

What this series covers

  • USD: Fed story will dominate
  • EUR: Headwinds grow
  • JPY: BoJ hawks remain in the minority
  • CAD: BoC on hold amid tariff mayhem
  • Author
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Series at a glance

Editions tracked
48
First edition
May 11, 2026
Latest edition
September 2, 2026
All ING research

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