# Dollar dips as producer prices cool, euro hits one-year high | Reuters

> The dollar fell to a two-month low against a basket of currencies on April 13 after U.S. producer prices unexpectedly dropped 0.5% in March. Annual PPI growth slowed to 2.7%, the smallest since January 2021.

- Date: 2023-04-13 · published 2023-04-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36579-dollar-dips-as-producer-prices-cool-euro-hits-one-year-high-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Softer inflation raises expectations that the Fed is near the end of its hiking cycle, weakening the dollar and typically supporting dollar-priced commodities and export competitiveness for non-US origins.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | -0.2% | +0.3% |
| DXY | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | +0.5% | +0.2% |
| DXY | 2020-03-24 | [Euro-Dollar Rate Jumps Above 1.08 As US Services-Sector Confidence Slumps To Record Low](https://feedsoft.ai/events/11348-euro-dollar-rate-jumps-above-1-08-as-us-services-sector-confidence-slumps-to.md) | -2.3% | -2.4% |
| DXY | 2024-06-14 | [US import prices fall, consumer sentiment slides \| Reuters](https://feedsoft.ai/events/29639-us-import-prices-fall-consumer-sentiment-slides-reuters.md) | +0.1% | -1.1% |
| DXY | 2026-07-30 | [Euro rises as Eurozone growth outpaces forecasts](https://feedsoft.ai/events/7686-euro-rises-as-eurozone-growth-outpaces-forecasts.md) | -1.2% | -1.9% |
| EURUSD | 2022-02-02 | [U.S. dollar falls after private jobs data; euro up as inflation heats up](https://feedsoft.ai/events/42903-u-s-dollar-falls-after-private-jobs-data-euro-up-as-inflation-heats-up.md) | +1.6% | -1.2% |
| EURUSD | 2022-10-04 | [Euro US Dollar Soars as Eurozone PPI Data Surprises Investors This is](https://feedsoft.ai/events/9333-euro-us-dollar-soars-as-eurozone-ppi-data-surprises-investors-this-is.md) | -0.5% | +0.6% |
| EURUSD | 2026-08-26 | [Euro comes under pressure against US Dollar after mixed US PCE data](https://feedsoft.ai/events/18103-euro-comes-under-pressure-against-us-dollar-after-mixed-us-pce-data.md) | -0.7% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-eases-us-inflation-cools-2023-04-13/

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