# US Dollar Index surges near 98.00 ahead of PCE Price Index data

> The US Dollar Index traded near 98.00 ahead of the July PCE inflation release, after Q2 GDP was revised up to 3.3% annualized. Traders expected headline PCE of 2.6% y/y and core of 2.9%, and Governor Waller said he would back a September cut.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of Fed easing and concerns over Fed independence influence the dollar, which affects US commodity export competitiveness and pricing in dollar terms.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-12-30 | [US Dollar Index hovers around 98.00 ahead of FOMC Meeting Minutes](https://feedsoft.ai/events/21689-us-dollar-index-hovers-around-98-00-ahead-of-fomc-meeting-minutes.md) | +0.2% | -1.7% |
| DXY | 2026-04-29 | [US Dollar Index steadies near 98.50, all eyes on Fed rate decision](https://feedsoft.ai/events/19920-us-dollar-index-steadies-near-98-50-all-eyes-on-fed-rate-decision.md) | -0.1% | +0.3% |
| DXY | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | +0.3% | -0.9% |
| DXY | 2024-11-15 | [Australian Dollar holds recovery ahead of US Retail Sales data](https://feedsoft.ai/events/27662-australian-dollar-holds-recovery-ahead-of-us-retail-sales-data.md) | +0.1% | +0.2% |
| DXY | 2023-06-30 | [Dollar firm ahead of PCE numbers, briefly pokes head above 145 yen](https://feedsoft.ai/events/35737-dollar-firm-ahead-of-pce-numbers-briefly-pokes-head-above-145-yen.md) | -0.4% | -1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-index-surges-near-9800-ahead-of-pce-price-index-data-202508290341

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