# Risk appetite falls on accumulating evidence of global economic slowdown – Corpay Currency Research

> The dollar recovered broadly on June 23 after purchasing managers' surveys showed slowing activity across Australia, Japan, the UK and the euro area. The euro area PMI fell to 50.3, and sterling came under pressure after an unexpected 50 basis point Bank of England hike.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/35724-risk-appetite-falls-on-accumulating-evidence-of-global-economic-slowdown-corpay
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on slowing global growth tends to lower dollar-denominated commodity prices in the near term, though the effect here reflects sentiment rather than a change in supply or demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-28 | [JPY/USD: Yen’s Historic Fall Signals Rewrite of Global Currency Playbook - Bloomberg](https://feedsoft.ai/events/42069-jpy-usd-yen-s-historic-fall-signals-rewrite-of-global-currency-playbook.md) | +0.1% | -0.4% |
| DXY | 2023-08-31 | [US exceptionalism trade lifts dollar, supports rate expectations across the curve – Corpay Currency Research](https://feedsoft.ai/events/34481-us-exceptionalism-trade-lifts-dollar-supports-rate-expectations-across-the.md) | +1.8% | +2.3% |
| DXY | 2019-05-27 | [USD appreciation hurting the global economy? - NBF - Forex Crunch](https://feedsoft.ai/events/59250-usd-appreciation-hurting-the-global-economy-nbf-forex-crunch.md) | +0.3% | -1.2% |
| DXY | 2023-05-11 | [Oil falls 2% on weak US and Chinese economic data \| Reuters](https://feedsoft.ai/events/36104-oil-falls-2-on-weak-us-and-chinese-economic-data-reuters.md) | +0.9% | +0.8% |
| DXY | 2022-05-20 | [Dollar Vs. Euro: Eurozone's Falling Currency Risks Stoking Inflation - Markets Insider](https://feedsoft.ai/events/41615-dollar-vs-euro-eurozone-s-falling-currency-risks-stoking-inflation-markets.md) | -0.6% | +1.5% |

## Sources

- corpaycurrencyresearch.com: https://corpaycurrencyresearch.com/risk-appetite-falls-on-accumulating-evidence-of-global-economic-slowdown/

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