# USD rallies amid debt ceiling discussion and voting - OFX (US)

> The dollar rallied as the House Rules Committee advanced the debt-ceiling bill and European and Chinese data weakened. Job openings in April rose to 10.1 million, above expectations, and 10-year Treasury yields fell to 3.65%.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/36155-usd-rallies-amid-debt-ceiling-discussion-and-voting-ofx-us
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar on debt-ceiling and growth concerns pressures dollar-denominated commodity prices, while softer Chinese growth reduces demand expectations for feed inputs.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-04-25 | [Brazilian real tumbles amid rallying dollar and local tensions](https://feedsoft.ai/events/6864-brazilian-real-tumbles-amid-rallying-dollar-and-local-tensions.md) | +1.2% | +1.1% |
| DXY | 2023-05-22 | [Dollar gains against yen as Fed policy and debt ceiling in focus - Reuters](https://feedsoft.ai/events/36140-dollar-gains-against-yen-as-fed-policy-and-debt-ceiling-in-focus-reuters.md) | +0.7% | -0.7% |
| DXY | 2023-05-25 | [US Dollar (DXY):  Soars to Two-Month High Amid Resilient Economy, Debt Ceiling Concerns \| FXEmpire](https://feedsoft.ai/events/36138-us-dollar-dxy-soars-to-two-month-high-amid-resilient-economy-debt-ceiling.md) | -0.4% | -1.1% |
| DXY | 2025-07-31 | [USD/JPY rallies further, nears 150.00 on the aftermath of BoJ’s decision](https://feedsoft.ai/events/24007-usd-jpy-rallies-further-nears-150-00-on-the-aftermath-of-boj-s-decision.md) | -0.7% | -0.6% |
| DXY | 2022-08-29 | [Stocks And Bonds Sell Off, While The Dollar Rallies \| Investing.com](https://feedsoft.ai/events/40299-stocks-and-bonds-sell-off-while-the-dollar-rallies-investing-com.md) | +0.6% | +4.4% |
| EURUSD | 2023-05-25 | [US Dollar (DXY):  Soars to Two-Month High Amid Resilient Economy, Debt Ceiling Concerns \| FXEmpire](https://feedsoft.ai/events/36138-us-dollar-dxy-soars-to-two-month-high-amid-resilient-economy-debt-ceiling.md) | -0.1% | +1.2% |
| EURUSD | 2018-10-22 | [US dollar rises as pound falls amid Brexit negotiations](https://feedsoft.ai/events/62807-us-dollar-rises-as-pound-falls-amid-brexit-negotiations.md) | -1.1% | -0.6% |
| EURUSD | 2024-03-27 | [EUR/USD continues lower on diverging interest-rate outlook](https://feedsoft.ai/events/31419-eur-usd-continues-lower-on-diverging-interest-rate-outlook.md) | -0.6% | -1.2% |

## Sources

- ofx.com: https://www.ofx.com/en-us/forex-news/daily-and-weekly-market-news/2023/05/31/usd-rallies-amid-debt-ceiling-discussion-and-voting/

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