# US Dollar Index: Fed hikes repriced on softer inflation – Deutsche Bank

> Investors reduced expectations for further Fed rate hikes after softer US PCE inflation data, pulling the 2-year and 10-year Treasury yields lower. Deutsche Bank still expects two hikes later this year and sees payroll growth slowing sharply in the upcoming jobs report.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19012-us-dollar-index-fed-hikes-repriced-on-softer-inflation-deutsche-bank
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower rate-hike expectations soften the dollar, which modestly supports dollar-priced commodities and eases pressure on import-dependent feed costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2026-09-30 | [Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com](https://feedsoft.ai/events/17701-canadian-dollar-firms-as-softer-u-s-inflation-weighs-on-rate-hike-bets-by.md) | -0.1% | +0.7% |
| DXY | 2023-11-14 | [Dollar sinks after data shows US inflation cooling \| Reuters](https://feedsoft.ai/events/10100-dollar-sinks-after-data-shows-us-inflation-cooling-reuters.md) | -1.8% | -1.4% |
| DXY | 2023-07-13 | [Dollar buckles on US disinflation signs as Fed nears end of hiking cycle](https://feedsoft.ai/events/9978-dollar-buckles-on-us-disinflation-signs-as-fed-nears-end-of-hiking-cycle.md) | -0.2% | +1.6% |
| DXY | 2024-05-31 | [Dollar Drops as Bond Yields Fall on Hopeful US Inflation Report](https://feedsoft.ai/events/30468-dollar-drops-as-bond-yields-fall-on-hopeful-us-inflation-report.md) | +0.3% | +1.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-index-fed-hikes-repriced-on-softer-inflation-deutsche-bank-202606291230

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