# Dollar pares gains on falling US labour costs, before Fed decision - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The dollar pared gains after US Employment Cost Index data showed labour costs rose 1.0% in the fourth quarter, slower than expected. Fed funds futures priced the benchmark rate peaking at 4.93% in June, with investors seeing cuts to 4.48% by December ahead of a expected 25 basis point hike.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37976-dollar-pares-gains-on-falling-us-labour-costs-before-fed-decision-sabc-news
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer wage data eases inflation fears and lowers the dollar, a mildly supportive factor for dollar-priced grain and oilseed markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-30 | [FxWirePro: Decelerated US growth threatens dollar bulls but forecasts on Federal Reserve keeps bullish rout intact, DXY oscillates in range \| EconoTimes](https://feedsoft.ai/events/73164-fxwirepro-decelerated-us-growth-threatens-dollar-bulls-but-forecasts-on-federal.md) | -1.2% | -1.2% |
| DXY | 2020-07-31 | [Oil on track for monthly gains as US cuts production - Markets - Business Recorder](https://feedsoft.ai/events/52264-oil-on-track-for-monthly-gains-as-us-cuts-production-markets-business-recorder.md) | -0.3% | -0.6% |
| DXY | 2026-04-10 | [Dollar Slips on Weaker-Than-Expected US Economic News](https://feedsoft.ai/events/11162-dollar-slips-on-weaker-than-expected-us-economic-news.md) | -0.5% | -0.7% |
| DXY | 2025-01-15 | [US Dollar: Soft PPI Adds to Pullback, CPI Report Up Next \| Investing.com](https://feedsoft.ai/events/26739-us-dollar-soft-ppi-adds-to-pullback-cpi-report-up-next-investing-com.md) | -0.8% | -0.8% |
| DXY | 2024-09-28 | [Dollar drops after inflation data - Business & Finance - Business Recorder](https://feedsoft.ai/events/28510-dollar-drops-after-inflation-data-business-and-finance-business-recorder.md) | +0.9% | +3.1% |

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/dollar-pares-gains-on-falling-us-labour-costs-before-fed-decision/

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