# FOREX-Dollar edges up after U.S. inflation data as traders await Fed outcome

> The dollar rose to a one-month high against a basket of currencies on June 15, 2021, after U.S. producer prices and inflation data signaled rising price pressures. Gains were capped as traders awaited the outcome of the Fed's two-day policy meeting for hints on bond-purchase tapering. Retail sales fell more than expected in May as spending shifted back to services.

- Date: 2021-06-15 · published 2021-06-15T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/12552-forex-dollar-edges-up-after-u-s-inflation-data-as-traders-await-fed-outcome
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger dollar and earlier Fed tightening expectations pressure dollar-denominated grain and oilseed prices and can weigh on export demand; a firmer dollar also makes U.S. feed ingredients more expensive for foreign buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-11-17 | [Dollar strengthens as traders await return of U.S. data \| Reuters](https://feedsoft.ai/events/22148-dollar-strengthens-as-traders-await-return-of-u-s-data-reuters.md) | +0.7% | -0.8% |
| DXY | 2021-05-27 | [Dollar firms as traders brace for U.S. inflation gauge \| Financial Post](https://feedsoft.ai/events/47285-dollar-firms-as-traders-brace-for-u-s-inflation-gauge-financial-post.md) | +0.3% | +1.3% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2022-06-22 | [South African rand slips as traders await Fed chair, inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41265-south-african-rand-slips-as-traders-await-fed-chair-inflation-data-markets.md) | -0.0% | +1.6% |
| DXY | 2024-08-30 | [US dollar rises broadly as inflation data underpins smaller Fed cut](https://feedsoft.ai/events/28980-us-dollar-rises-broadly-as-inflation-data-underpins-smaller-fed-cut.md) | +0.2% | -0.9% |

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/forex-dollar-edges-u-inflation-201435827.html

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