# Market Wire: Dollar Firms As US Inflation Accelerates, Loonie Tumbles On Disappointing Growth Data | Corpay

> The Fed's preferred core PCE inflation index rose 0.3% month-over-month in July, matching forecasts, and reached 2.9% year-over-year. Front-end Treasury yields rose and the dollar gained as traders pulled back on bets for rapid rate cuts, while the loonie fell on weaker Canadian growth data.

- Date: 2025-08-29 · published 2025-08-29T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/23554-market-wire-dollar-firms-as-us-inflation-accelerates-loonie-tumbles-on
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar on reduced Fed easing expectations tends to pressure dollar-denominated commodity prices and can weigh on U.S. export competitiveness for grains and meals. Stronger dollar also lowers the local-currency cost of imported feed ingredients in weaker-currency countries.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-03 | [US dollar firms on renewed inflation risks; market pares back rate-cut outlook  \| Reuters](https://feedsoft.ai/events/10710-us-dollar-firms-on-renewed-inflation-risks-market-pares-back-rate-cut-outlook.md) | +0.7% | +2.2% |
| DXY | 2022-06-01 | [Ringgit opens lower against US dollar amid feats of accelerating inflation \| Malay Mail](https://feedsoft.ai/events/41235-ringgit-opens-lower-against-us-dollar-amid-feats-of-accelerating-inflation.md) | +0.3% | +2.4% |
| 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 | 2023-10-26 | [Dollar edges up as US economic growth accelerates](https://feedsoft.ai/events/33870-dollar-edges-up-as-us-economic-growth-accelerates.md) | +0.0% | -2.9% |
| DXY | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | +0.4% | +0.1% |
| 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 | 2024-03-15 | [DXY gains on inflation risks as FOMC looms \| Convera](https://feedsoft.ai/events/31470-dxy-gains-on-inflation-risks-as-fomc-looms-convera.md) | +2.6% | -3.9% |
| CORN | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.4% | +4.0% |

## Sources

- corpay.com: https://www.corpay.com/resources/market-analysis/market-wire-dollar-firms-as-us-inflation-accelerates-loonie-tumbles-on

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