# Dollar steadies after data-driven fall | Convera

> The US dollar stabilized after a data-driven slide to one-week lows on August 30, with the euro near one-week highs around 1.0890. Weaker US consumer confidence and job openings nudged up expectations of a Fed rate hike by year-end.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/34818-dollar-steadies-after-data-driven-fall-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A softer dollar supports dollar-priced grains and meals by making them cheaper for non-US buyers, though the move is small and driven by rate expectations.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-30 | [Dollar softer after PCE, consumer spending data](https://feedsoft.ai/events/35667-dollar-softer-after-pce-consumer-spending-data.md) | -0.4% | -1.5% |
| DXY | 2022-09-30 | [Dollar gains on euro after inflation data, sterling falls](https://feedsoft.ai/events/39798-dollar-gains-on-euro-after-inflation-data-sterling-falls.md) | -0.2% | -0.3% |
| DXY | 2019-09-30 | [Dollar falters after soft US manufacturing data](https://feedsoft.ai/events/57297-dollar-falters-after-soft-us-manufacturing-data.md) | -0.2% | -1.4% |
| DXY | 2020-03-24 | [Dollar falls after Fed QE, on fiscal stimulus hopes](https://feedsoft.ai/events/6583-dollar-falls-after-fed-qe-on-fiscal-stimulus-hopes.md) | -2.3% | -2.4% |
| DXY | 2025-02-25 | [Dollar falls after soft consumer confidence as economic concerns drag](https://feedsoft.ai/events/26224-dollar-falls-after-soft-consumer-confidence-as-economic-concerns-drag.md) | +0.4% | -0.8% |
| EURUSD | 2024-10-31 | [Dollar Consolidates, Yen Gains After BOJ Decision](https://feedsoft.ai/events/28112-dollar-consolidates-yen-gains-after-boj-decision.md) | -1.2% | -2.9% |
| EURUSD | 2023-03-16 | [Euro rises, dollar falls after ECB rate decision](https://feedsoft.ai/events/10083-euro-rises-dollar-falls-after-ecb-rate-decision.md) | +2.4% | +4.3% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/dollar-steadies-after-data-driven-fall/

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