# FX Daily: Dollar rebound increasingly hinges on activity data | articles | ING THINK

> The dollar has found support despite falling US Treasury yields, and it now depends on US activity data to drive a recovery. US GDP was revised up to 5.2% annualised in the third quarter while core PCE came in weaker.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/33381-fx-daily-dollar-rebound-increasingly-hinges-on-activity-data-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar direction affects the dollar-denominated value of US commodity exports; without a clear rate catalyst, currency-driven price moves for feed commodities stay limited.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-30 | [FX Daily: US and eurozone inflation in focus \| articles \| ING THINK](https://feedsoft.ai/events/29011-fx-daily-us-and-eurozone-inflation-in-focus-articles-ing-think.md) | +0.2% | -0.9% |
| DXY | 2021-01-28 | [FX: Challenging our bearish dollar forecast \| articles \| ING THINK](https://feedsoft.ai/events/49343-fx-challenging-our-bearish-dollar-forecast-articles-ing-think.md) | +0.2% | -0.1% |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |
| DXY | 2019-06-07 | [Fed easing and the dollar: Necessary, but not sufficient \| articles \| ING THINK](https://feedsoft.ai/events/58788-fed-easing-and-the-dollar-necessary-but-not-sufficient-articles-ing-think.md) | -0.3% | -0.7% |
| DXY | 2023-11-15 | [Asia FX Outlook 2024: Event risk could dominate \| articles \| ING THINK](https://feedsoft.ai/events/33436-asia-fx-outlook-2024-event-risk-could-dominate-articles-ing-think.md) | -0.9% | -0.2% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-dollar-rebound-hinging-more-and-more-on-activity-data/

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