# US dollar slightly weaker on diminishing inflation

> The U.S. dollar slipped on June 28 after data showed inflation in the world's largest economy eased in May. The reading reinforced expectations that the Federal Reserve will start cutting interest rates this year.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/29962-us-dollar-slightly-weaker-on-diminishing-inflation
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar makes dollar-priced commodities cheaper for foreign buyers, which supports export demand and can lift grain and oilseed prices. Earlier Fed cuts would also tend to weaken the dollar further.

## 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 | 2024-09-27 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28544-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| DXY | 2024-10-01 | [Dollar weakens after inflation data, Yen surges on Ishiba win](https://feedsoft.ai/events/28538-dollar-weakens-after-inflation-data-yen-surges-on-ishiba-win.md) | +0.9% | +2.9% |
| DXY | 2024-02-12 | [US Dollar: A Week of Disinflation Tests \| Investing.com UK](https://feedsoft.ai/events/31887-us-dollar-a-week-of-disinflation-tests-investing-com-uk.md) | +0.1% | -0.8% |
| DXY | 2019-06-20 | [Sterling heads higher on weaker dollar](https://feedsoft.ai/events/58853-sterling-heads-higher-on-weaker-dollar.md) | -1.1% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-barges-past-161-yen-eyes-quarterly-rise-2024-06-28/

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