ING Economic and Financial Analysis

The $1.2tn infrastructure bill is a first step toward putting ambitious climate goals into policy and will accelerate the US’s clean energy transition, but alone it won’t be enough to...

The dollar’s appreciation in November still hasn’t emerged in CFTC FX positioning data that continues to show most G10 currencies’ net positions rising against USD. EUR positioning...

It's hard to pinpoint a clear central theme for FX in 2022. The Fed lift-off should help the dollar, but not across the board. Commodity currencies are still favored, but some more than others. And...

Pandemics and financial crises aside, exchange rates typically can be seen as an extension of monetary policy. They reflect whether central bankers want to hit the accelerator or the brakes. In 2022...

Here's our full FX forecasts for EUR and USD cross rates in 2022.EUR And USD Cross Rates Disclaimer: This publication has been prepared by ING solely for information purposes irrespective of a...

Banks issued a record amount of EUR bonds this year, financing loans with dedicated environmental or social purposes. Helped by the strong demand for ESG-related investment opportunities, these bonds...

US consumer confidence is being threatened by the rising cost of living. Thankfully the relationship between spending and sentiment has been weak for a number of years and the strong underlying...

October's growth in industrial production, investment and retail sales was very mixed. Sudden electricity outages will probably not re-occur. But questions remain about real estate policies and the...

Coffee prices have traded to the highest levels since 2014 as worries grow over the forthcoming Brazilian crop following drought and frost. A tight coffee market should continue to support prices....

USD Corporate net supply will increase on the back of lower redemptions in 2022, despite forecasting slightly lower USD supply of US$650bnLower corporate supply expected in 2022, but increased net...

Disruptions in global value chains weighed on Central and Eastern Europe in the third quarter and the Delta variant blurs the outlook for the fourth. Yet the 2022 activity outlook remains sound....

The USDA has revised higher corn inventory estimates on the back of higher production in the US and elsewhere. Global stock estimates for soybeans have been revised down on stronger demand; although...

Inflation pressures are broadening and intensifying through every sector of the US economy. At the same time, Covid is waning and activity is rebounding. This heady mix is set to ensure a swift...

After a strong third quarter, eurozone growth is likely to decelerate on the back of supply chain troubles, high energy prices and a pick-up in Covid-19 infections. Inflation continues to surprise on...

The number—and severity—of new government policies have eased after an abrupt stoppage of electricity in some areas due to a sudden shut down of electricity generators. November could be...

The US debt ceiling drama is back with its usual political farce. Unfortunately, it matters. ‘Extraordinary measures’ are keeping the show on the road for now. But any delay to a budget...