# Dollar closes near stability driven by US commodities and inflation | Brasil 247

> The spot dollar closed slightly lower by 0.10% at 5.6498 reais on Wednesday after a volatile session. US consumer prices rose 0.2% in August, with annual inflation at 2.5%, in line with expectations that were slightly softer on the year-on-year figure.

- Date: 2024-09-11 · published 2024-09-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12468-dollar-closes-near-stability-driven-by-us-commodities-and-inflation-brasil-247
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

US inflation data shapes expectations for the size of Federal Reserve rate cuts, which drives the dollar and real exchange rate. Commodity price gains in iron ore and oil also supported the real, though the overall move was small.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-10-24 | [After two years of stagnation, global chicken meat exports are set to grow in 2025; Brazil and Thailand to benefit the most \| Garra International](https://feedsoft.ai/events/28001-after-two-years-of-stagnation-global-chicken-meat-exports-are-set-to-grow-in.md) | +1.3% | +2.2% |
| USDBRL | 2017-07-13 | [IMF Executive Board Concludes 2017 Article IV Consultation with Brazil](https://feedsoft.ai/events/70171-imf-executive-board-concludes-2017-article-iv-consultation-with-brazil.md) | -2.3% | -2.4% |
| USDBRL | 2020-06-09 | [May figures reinforce record harvest estimate for 2020  \| News Agency](https://feedsoft.ai/events/52441-may-figures-reinforce-record-harvest-estimate-for-2020-news-agency.md) | +6.6% | +9.7% |
| USDBRL | 2021-11-22 | [The Fed - Foreign Exchange Rates - H.10 -  November 22, 2021](https://feedsoft.ai/events/44253-the-fed-foreign-exchange-rates-h-10-november-22-2021.md) | +0.9% | +2.7% |
| USDBRL | 2022-12-12 | [The Fed - Foreign Exchange Rates - H.10 - December 12, 2022](https://feedsoft.ai/events/38444-the-fed-foreign-exchange-rates-h-10-december-12-2022.md) | +0.7% | -0.4% |

## Sources

- en.brasil247.com: https://en.brasil247.com/economia/dolar-fecha-perto-da-estabilidade-conduzido-por-commodities-e-inflacao-dos-eua

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