# Dollar slips after unexpected rise in US producer prices | Reuters

> The dollar eased on May 14 after US producer prices rose unexpectedly in April, with strong gains in goods and services costs. Food costs declined, and traders trimmed expectations for Fed rate cuts.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hotter producer inflation reduces the chance of near-term Fed easing, which keeps the dollar supported and modestly pressures dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-12 | [Dollar rises after U.S. producer prices surge](https://feedsoft.ai/events/45757-dollar-rises-after-u-s-producer-prices-surge.md) | +0.4% | -0.2% |
| DXY | 2023-10-12 | [Dollar gains after US consumer prices rise more than expected](https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected.md) | +0.9% | -0.6% |
| DXY | 2023-10-12 | [Dollar, yields rise, stocks fall after US consumer price data By Reuters](https://feedsoft.ai/events/33818-dollar-yields-rise-stocks-fall-after-us-consumer-price-data-by-reuters.md) | +0.9% | -0.6% |
| DXY | 2026-10-01 | [Dollar rises, euro slips after ECB rate increase](https://feedsoft.ai/events/17692-dollar-rises-euro-slips-after-ecb-rate-increase.md) | +0.2% | +0.6% |
| DXY | 2024-05-16 | [Dollar rebounds on high US import prices \| Reuters](https://feedsoft.ai/events/30142-dollar-rebounds-on-high-us-import-prices-reuters.md) | +0.2% | +2.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-drifts-traders-eye-us-inflation-data-frail-yen-focus-2024-05-14/

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