# USD/PEN declines amid dovish Fed, eyes on inflation data from the US: Analytics and Market news from 10 October 2023 21:42

> The Peruvian sol traded near 3.8200 per US dollar on October 10, 2023, as dovish comments from Fed officials weakened the dollar. Investors awaited US September CPI data, expected to show inflation easing to 3.6% year on year. The Peruvian central bank had recently cut its policy rate to 7.25%.

- Date: 2023-10-10 · published 2023-10-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/33902-usd-pen-declines-amid-dovish-fed-eyes-on-inflation-data-from-the-us-analytics
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and a softer Peruvian currency shift the cost of Peruvian fishmeal and other Andean exports for buyers, while a Fed pause reduces pressure on emerging-market currencies and feed input financing costs.

## Read by commodity

- DXY: bearish ▼
- USDPEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | +0.5% | +0.2% |
| DXY | 2020-12-04 | [USD: An important week for the dollar bear trend - ING: Analytics and Market news from 4 December 2020 12:07](https://feedsoft.ai/events/49847-usd-an-important-week-for-the-dollar-bear-trend-ing-analytics-and-market-news.md) | -0.0% | -1.0% |
| DXY | 2024-05-16 | [USD/THB continues losing ground on soft USD data: Analytics and Market news from 16 May 2024 19:56](https://feedsoft.ai/events/30570-usd-thb-continues-losing-ground-on-soft-usd-data-analytics-and-market-news-from.md) | +0.2% | +2.2% |
| DXY | 2020-08-31 | [USD: Bear trend under way - ING: Analytics and Market news from 31 August 2020 11:38](https://feedsoft.ai/events/51793-usd-bear-trend-under-way-ing-analytics-and-market-news-from-31-august-2020-11-38.md) | +0.1% | +1.4% |
| DXY | 2021-11-30 | [USD/CAD retreats from two-month high amid weaker USD, Canadian GDP in focus: Analytics and Market news from 30 November 2021 12:04](https://feedsoft.ai/events/44265-usd-cad-retreats-from-two-month-high-amid-weaker-usd-canadian-gdp-in-focus.md) | -0.4% | -1.0% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3908666

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