# Dollar swoons after data suggests rate cut in September

> The dollar slumped on May 15 after US April consumer prices showed inflation trending lower in the second quarter. Flat April retail sales further boosted hopes for a Fed rate cut as early as September.

- Date: 2024-05-15 · published 2024-05-15T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/30426-dollar-swoons-after-data-suggests-rate-cut-in-september
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of earlier Fed cuts weaken the dollar, which typically lifts dollar-denominated commodity prices and US export competitiveness.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-25 | [Dollar swoons after data suggests rate cut in September](https://feedsoft.ai/events/31001-dollar-swoons-after-data-suggests-rate-cut-in-september.md) | +0.1% | -1.1% |
| DXY | 2019-08-02 | [Dollar weakens as September rate cut bets mount](https://feedsoft.ai/events/57761-dollar-weakens-as-september-rate-cut-bets-mount.md) | +0.4% | +1.7% |
| DXY | 2024-07-31 | [Dollar falls as Fed signals likely September rate cut](https://feedsoft.ai/events/29455-dollar-falls-as-fed-signals-likely-september-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2019-05-24 | [Dollar slips as weak data boosts US rate cut bets](https://feedsoft.ai/events/59248-dollar-slips-as-weak-data-boosts-us-rate-cut-bets.md) | +0.4% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-droops-ahead-crucial-cpi-test-yen-under-pressure-2024-05-15/

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