# Dollar steady on underlying moderate PPI data, dovish Fed officials

> The dollar held steady after a core U.S. producer price reading showed underlying inflation moderated further in September. Markets took this to mean the Federal Reserve is likely done raising interest rates.

- Date: 2023-10-11 · published 2023-10-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/33532-dollar-steady-on-underlying-moderate-ppi-data-dovish-fed-officials
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations that the Fed has finished hiking tend to ease pressure on the dollar, which can support dollar-priced commodities. The effect on feed markets is indirect and modest.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-10 | [Dollar in holding pattern, inflation data provides little clarity on rates \| Reuters](https://feedsoft.ai/events/36142-dollar-in-holding-pattern-inflation-data-provides-little-clarity-on-rates.md) | +0.3% | +0.9% |
| DXY | 2018-03-09 | [US Dollar Unable to Muster Strength After Blowout NFP \| Nasdaq](https://feedsoft.ai/events/66192-us-dollar-unable-to-muster-strength-after-blowout-nfp-nasdaq.md) | -0.1% | -0.4% |
| DXY | 2025-09-27 | [As the US Dollar weakens, the British Pound rises, reversing its recent decline against it - VT Markets](https://feedsoft.ai/events/23148-as-the-us-dollar-weakens-the-british-pound-rises-reversing-its-recent-decline.md) | -0.3% | +0.3% |
| DXY | 2024-09-24 | [Rupiah Rises Following Weak US PMI Report and Fed Speculation](https://feedsoft.ai/events/28626-rupiah-rises-following-weak-us-pmi-report-and-fed-speculation.md) | -0.1% | +2.5% |
| DXY | 2020-04-01 | [Trade Weighted US Dollar Index: Broad, Goods and Services (I:TWUSDIBG)](https://feedsoft.ai/events/54306-trade-weighted-us-dollar-index-broad-goods-and-services-i-twusdibg.md) | +0.5% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-loses-steam-ahead-fed-meeting-minutes-us-inflation-test-2023-10-11/

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