# Dollar jumps to 6-month high after data, ECB announcement | Reuters

> The dollar index surged to a six-month high on September 14 after U.S. retail sales rose 0.6% in August, above the 0.2% forecast, and producer prices beat estimates. The European Central Bank raised its key rate to a record 4% but signaled that it was likely done tightening, and the euro fell to about $1.0635.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34313-dollar-jumps-to-6-month-high-after-data-ecb-announcement-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger dollar and rising U.S. rate expectations tend to pressure dollar-priced grain and oilseed contracts and make U.S. exports less competitive, which weighs on feed commodity prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-25 | [Dollar advances after data as eyes turn to jobs report \| Reuters](https://feedsoft.ai/events/28049-dollar-advances-after-data-as-eyes-turn-to-jobs-report-reuters.md) | +0.2% | +2.4% |
| DXY | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | +0.8% | +1.2% |
| DXY | 2024-06-25 | [US dollar advances after hawkish Fed comment, economic data \| Reuters](https://feedsoft.ai/events/29634-us-dollar-advances-after-hawkish-fed-comment-economic-data-reuters.md) | +0.6% | -0.3% |
| DXY | 2022-06-14 | [Dollar index jumps to two-decade high as traders await Fed rate move \| Reuters](https://feedsoft.ai/events/7709-dollar-index-jumps-to-two-decade-high-as-traders-await-fed-rate-move-reuters.md) | -0.4% | +1.8% |
| DXY | 2026-03-01 | [Euro weaker after report ECB chief to leave; dollar higher after data, Fed minutes](https://feedsoft.ai/events/20804-euro-weaker-after-report-ecb-chief-to-leave-dollar-higher-after-data-fed-minutes.md) | +1.4% | +2.6% |
| EURUSD | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | -1.4% | -1.8% |
| EURUSD | 2026-03-01 | [Euro weaker after report ECB chief to leave; dollar higher after data, Fed minutes](https://feedsoft.ai/events/20804-euro-weaker-after-report-ecb-chief-to-leave-dollar-higher-after-data-fed-minutes.md) | -1.8% | -2.6% |
| EURUSD | 2024-09-23 | [Euro slumps, dollar index edges higher after PMI data](https://feedsoft.ai/events/28526-euro-slumps-dollar-index-edges-higher-after-pmi-data.md) | 0.0% | -3.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-hovers-above-3-month-low-euro-ecb-decision-looms-2023-09-14/

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