# USD: Dollar Rises Toward 2024 High Ahead of May CPI Print, Fed Rate Decision - Bloomberg

> The Bloomberg Dollar Spot Index rose for a fourth straight session, climbing 1.1% over that period, and was approaching its 2024 high. The move followed strong U.S. jobs data and political turbulence in Europe. Investors were positioning ahead of the U.S. CPI reading and Fed decision.

- Date: 2024-06-11 · published 2024-06-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10804-usd-dollar-rises-toward-2024-high-ahead-of-may-cpi-print-fed-rate-decision
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar ahead of key U.S. data tends to weigh on dollar-priced feed commodities and raises costs for buyers using weaker currencies. The move is routine positioning rather than a new shock.

## Read by commodity

- DXY: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-11/dollar-s-rise-toward-2024-high-bolstered-by-cpi-fed-speculation

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