# Dollar weaker after data burst, euro rises on ECB comments

> The dollar index retreated on Tuesday after data showed the US economy remained resilient and consumer confidence rose to 109.7. The euro gained after ECB President Lagarde's comments.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments
- 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 on resilient growth data can modestly support dollar-priced commodities, though rate expectations keep the move limited.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | +0.6% | +2.5% |
| DXY | 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) | -1.2% | -2.5% |
| DXY | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | -0.1% | -1.1% |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2018-07-20 | [Dollar sees biggest one-day drop in 3 weeks after Trump comments](https://feedsoft.ai/events/64217-dollar-sees-biggest-one-day-drop-in-3-weeks-after-trump-comments.md) | -0.9% | +0.6% |
| EURUSD | 2021-10-28 | [Dollar index drops on euro rise after ECB comments](https://feedsoft.ai/events/7166-dollar-index-drops-on-euro-rise-after-ecb-comments.md) | -0.1% | -2.6% |
| 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 | 2025-03-07 | [US dollar sags after weaker-than-expected jobs data, Fed's Powell comments](https://feedsoft.ai/events/5802-us-dollar-sags-after-weaker-than-expected-jobs-data-fed-s-powell-comments.md) | +0.4% | +2.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/06/27/dollar-holds-firm-ahead-of-us-durable-goods-housing-data.html

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