◂ Event Timeline

May 31, 2024MACROUS

BUZZ-Dollar tests pivotal props after PCE data adds to modest downside misses

The dollar was testing key technical support after PCE inflation data came in slightly below expectations. The report was published on IFR's site with extensive navigation text.

WHY IT MATTERS

Softer inflation data raises odds of Fed easing, which could weaken the dollar and support dollar-priced commodities over time.

AFFECTSUS Dollar (Broad)◆

SOURCE
ifre.comMay 31, 2024

Price reaction & history

US Dollar (Broad)◆neutralSO FAR1d +0.1%5d +0.3%20d +1.8%

After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Jun 25, 2021Dollar steady after U.S. inflation data misses estimates+0.4%
Aug 29, 2024Dollar eases after hitting highest in two weeks, US job data looms | Reuters+0.5%
Feb 8, 2022Dollar, euro trade sideways after ECB pushback+0.2%
Aug 29, 2025US Dollar Index surges near 98.00 ahead of PCE Price Index data-0.1%
Oct 31, 2024Dollar Consolidates, Yen Gains After BOJ Decision+0.7%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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