# Dollar gains after US consumer prices rise more than expected

> The dollar posted its biggest single-day gain since March after US consumer prices rose more than expected in September, driven by a surge in rental costs. The move lifted expectations that the Fed would keep interest rates high for a long period.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher-for-longer US rate expectations strengthen the dollar, which can pressure dollar-priced commodities and raise financing costs for feed buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-12 | [Dollar gains on yen as consumer prices rise more than expected](https://feedsoft.ai/events/26225-dollar-gains-on-yen-as-consumer-prices-rise-more-than-expected.md) | -0.5% | -2.0% |
| DXY | 2024-05-14 | [Dollar slips after unexpected rise in US producer prices \| Reuters](https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters.md) | -0.7% | +1.6% |
| 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 | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.5% | +0.4% |
| DXY | 2023-08-03 | [Dollar Could Gain If Fed Cuts Start Later Than Expected](https://feedsoft.ai/events/34835-dollar-could-gain-if-fed-cuts-start-later-than-expected.md) | +0.3% | +0.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/10/12/dollar-hovers-near-two-week-lows-ahead-of-inflation-data.html

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