# Dollar set for first monthly drop after US inflation readout | Reuters

> The dollar was on track for its first monthly decline following a US inflation readout. The Fed has raised rates by 525 basis points since March 2022, and markets have pushed first rate cut expectations from March to June and now September.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30421-dollar-set-for-first-monthly-drop-after-us-inflation-readout-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar typically supports dollar-denominated commodity prices and US export competitiveness, while delayed Fed cuts keep financing costs high for feed and grain traders.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-11-27 | [Dollar set for biggest weekly fall in four months, Fed in focus \| Reuters](https://feedsoft.ai/events/22186-dollar-set-for-biggest-weekly-fall-in-four-months-fed-in-focus-reuters.md) | -0.5% | -1.5% |
| DXY | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | -0.0% | +1.1% |
| DXY | 2024-07-26 | [Dollar treads water after tame US inflation report, yen rally stalls](https://feedsoft.ai/events/29456-dollar-treads-water-after-tame-us-inflation-report-yen-rally-stalls.md) | +0.3% | -0.9% |
| DXY | 2024-09-27 | [US dollar slumps after softer inflation, China rate cut. AUD/USD hits 18 month high](https://feedsoft.ai/events/28578-us-dollar-slumps-after-softer-inflation-china-rate-cut-aud-usd-hits-18-month.md) | +0.9% | +2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-regroups-before-inflation-test-yen-brushes-off-tokyo-cpi-2024-05-31/

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