# Dollar drops after inflation data - Business & Finance - Business Recorder

> The dollar weakened on Friday after US inflation data showed price pressures continuing to cool. The PCE price index rose 0.1% in August and was up 2.2% over twelve months.

- Date: 2024-09-28 · published 2024-09-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28510-dollar-drops-after-inflation-data-business-and-finance-business-recorder
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Cooler inflation supports expectations of further Fed easing, which tends to weaken the dollar and support dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2025-01-15 | [Dollar ends session weaker as inflation eases; yen firms on BOJ talk](https://feedsoft.ai/events/12676-dollar-ends-session-weaker-as-inflation-eases-yen-firms-on-boj-talk.md) | -0.8% | -0.8% |
| DXY | 2020-07-31 | [Oil on track for monthly gains as US cuts production - Markets - Business Recorder](https://feedsoft.ai/events/52264-oil-on-track-for-monthly-gains-as-us-cuts-production-markets-business-recorder.md) | -0.3% | -0.6% |
| DXY | 2022-11-10 | [EUR/USD Soars After Softer-Than-Expected U.S. Inflation Data \| Investing.com](https://feedsoft.ai/events/8196-eur-usd-soars-after-softer-than-expected-u-s-inflation-data-investing-com.md) | -1.6% | -2.8% |
| DXY | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.1% | -1.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40324441

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