# Dollar index hits two-week high after data; yen remains soft

> The dollar index climbed to a two-week high on Thursday after jobless claims fell sharply and first-quarter GDP was revised up to 2%. Powell did not rule out a July hike.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/35681-dollar-index-hits-two-week-high-after-data-yen-remains-soft
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger US data and hike expectations lift the dollar, which tends to pressure dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +0.7% | +1.5% |
| DXY | 2023-06-29 | [Dollar index hits two-week high as data boosts Fed hike expectations](https://feedsoft.ai/events/35661-dollar-index-hits-two-week-high-as-data-boosts-fed-hike-expectations.md) | +0.4% | -1.2% |
| DXY | 2026-02-05 | [U.S. dollar hits two-week high, pound slumps after BoE holds rates](https://feedsoft.ai/events/20865-u-s-dollar-hits-two-week-high-pound-slumps-after-boe-holds-rates.md) | -0.7% | +1.1% |
| DXY | 2021-09-29 | [Dollar index hits roughly one-year high a week after Fed policy update - MarketWatch](https://feedsoft.ai/events/45254-dollar-index-hits-roughly-one-year-high-a-week-after-fed-policy-update.md) | +0.1% | -0.5% |
| DXY | 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) | -0.2% | +2.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/06/29/dollar-near-7-1/2-month-high-versus-yen-as-central-bankers-reaffirm-policy-divergence.html

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