# US dollar modestly higher as sticky inflation persists, yen hits 34-year low

> The dollar rose moderately in choppy trading after weaker-than-expected March US producer prices failed to ease inflation concerns. The persistence of inflation reinforced expectations that the Federal Reserve will delay rate cuts.

- Date: 2024-05-01 · published 2024-05-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/12558-us-dollar-modestly-higher-as-sticky-inflation-persists-yen-hits-34-year-low
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sticky US inflation and delayed Fed easing keep the dollar supported, a modest headwind for dollar-priced feed commodities.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-12-20 | [Dollar higher as big UK inflation drop hits pound](https://feedsoft.ai/events/32948-dollar-higher-as-big-uk-inflation-drop-hits-pound.md) | -0.8% | +1.0% |
| DXY | 2024-02-13 | [US dollar rises to three-month high after inflation data, surges past 150 yen](https://feedsoft.ai/events/31870-us-dollar-rises-to-three-month-high-after-inflation-data-surges-past-150-yen.md) | +0.1% | -0.6% |
| DXY | 2023-04-21 | [US dollar flat to modestly higher as upbeat data backs May rate hike](https://feedsoft.ai/events/36297-us-dollar-flat-to-modestly-higher-as-upbeat-data-backs-may-rate-hike.md) | +0.3% | +0.8% |
| DXY | 2023-04-28 | [US dollar firms as inflation data backs Fed hike; yen plunges](https://feedsoft.ai/events/36576-us-dollar-firms-as-inflation-data-backs-fed-hike-yen-plunges.md) | -0.3% | +1.2% |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |
| CORN | 2026-10-14 | [Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation](https://feedsoft.ai/events/649-dollar-hits-fresh-18-month-high-as-hot-inflation-boosts-fed-hike-expectation.md) | -1.8% | — |
| CORN | 2024-07-27 | [Chinese yuan hits eight-month low with missed inflation data and US dollar rebound \| FX Blue](https://feedsoft.ai/events/9350-chinese-yuan-hits-eight-month-low-with-missed-inflation-data-and-us-dollar.md) | -1.0% | -4.8% |
| CORN | 2019-09-03 | [US dollar just hit 2-year high, closes in on another major milestone](https://feedsoft.ai/events/12331-us-dollar-just-hit-2-year-high-closes-in-on-another-major-milestone.md) | -6.0% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-firms-yen-skids-fed-cut-wagers-crumble-2024-04-11/

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