# Dollar eases as traders weigh rate cut prospects | Malay Mail

> The dollar index fell to 103.30 as traders weighed data showing easing US inflation. October PCE prices rose 3% year on year, and Fed policymakers signalled that rate hikes are likely over. The dollar had its weakest monthly performance in a year in November.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/32931-dollar-eases-as-traders-weigh-rate-cut-prospects-malay-mail
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations that rates have peaked weaken the dollar, which tends to support dollar-priced commodities. The move has a modest, indirect effect on feed costs.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| DXY | 2020-03-02 | [Yen, euro gain on dollar as Fed rate cut talks heat up \| Malay Mail](https://feedsoft.ai/events/6189-yen-euro-gain-on-dollar-as-fed-rate-cut-talks-heat-up-malay-mail.md) | -0.8% | +4.0% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |
| DXY | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2020-02-29 | [US dollar dives to 7-week low against yen on Fed rate cut hint \| Malay Mail](https://feedsoft.ai/events/54819-us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint-malay-mail.md) | -0.8% | +4.0% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2023/12/01/dollar-eases-as-traders-weigh-rate-cut-prospects/105163

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