# 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.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30425-buzz-dollar-tests-pivotal-props-after-pce-data-adds-to-modest-downside-misses
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-25 | [Dollar steady after U.S. inflation data misses estimates](https://feedsoft.ai/events/46773-dollar-steady-after-u-s-inflation-data-misses-estimates.md) | +0.4% | +1.0% |
| DXY | 2024-08-29 | [Dollar eases after hitting highest in two weeks, US job data looms \| Reuters](https://feedsoft.ai/events/29010-dollar-eases-after-hitting-highest-in-two-weeks-us-job-data-looms-reuters.md) | +0.5% | -0.7% |
| DXY | 2022-02-08 | [Dollar, euro trade sideways after ECB pushback](https://feedsoft.ai/events/42878-dollar-euro-trade-sideways-after-ecb-pushback.md) | +0.2% | +2.3% |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2018-07-27 | [Dollar dips as robust US GDP data fail to impress](https://feedsoft.ai/events/64240-dollar-dips-as-robust-us-gdp-data-fail-to-impress.md) | +0.2% | +1.0% |

## Sources

- ifre.com: https://www.ifre.com/rates/635766/buzz-dollar-tests-pivotal-props-after-pce-data-adds-to-modest-downside-misses

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