# Dollar swoons after data suggests rate cut in September

> The dollar fell against major currencies after US April CPI showed inflation trending lower and retail sales were unexpectedly flat. Traders raised bets on a Federal Reserve rate cut as early as September, and high-beta currencies such as the Australian dollar gained.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/31001-dollar-swoons-after-data-suggests-rate-cut-in-september
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer dollar on Fed cut expectations can support dollar-priced commodities and emerging-market currencies, though the effect on feed prices is indirect.

## Read by commodity

- DXY: bearish ▼
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-15 | [Dollar swoons after data suggests rate cut in September](https://feedsoft.ai/events/30426-dollar-swoons-after-data-suggests-rate-cut-in-september.md) | -0.4% | +1.6% |
| 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

- cnbc.com: https://www.cnbc.com/2024/04/25/markets-wary-of-intervention-as-yen-struggles-at-155-level.html

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