# Dollar softer after PCE, consumer spending data

> The dollar index fell 0.43% to 102.88 on Friday after data showed softer consumer spending. Markets still priced an 84% chance of a July Fed hike.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35667-dollar-softer-after-pce-consumer-spending-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer dollar moves modestly support dollar-priced commodities, but rate expectations remain high, so the effect on feed prices is limited.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| DXY | 2025-05-30 | [FX Daily: Softer US spending weighs on the dollar \| ING THINK](https://feedsoft.ai/events/24860-fx-daily-softer-us-spending-weighs-on-the-dollar-ing-think.md) | -0.5% | -1.6% |
| DXY | 2023-08-30 | [Dollar steadies after data-driven fall \| Convera](https://feedsoft.ai/events/34818-dollar-steadies-after-data-driven-fall-convera.md) | +1.3% | +2.3% |
| DXY | 2022-12-14 | [Ringgit ends higher against US dollar on softer US CPI data](https://feedsoft.ai/events/38498-ringgit-ends-higher-against-us-dollar-on-softer-us-cpi-data.md) | +0.2% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/yen-weakens-past-key-145-per-dollar-level-yuan-falls-after-china-pmi-data-2023-06-30/

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