# Dollar rises after U.S. producer prices surge

> The dollar rose on August 12 after US producer prices jumped 7.8% over the 12 months through July, the largest annual increase in more than a decade. Jobless claims also fell, adding to signs of economic recovery.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/45757-dollar-rises-after-u-s-producer-prices-surge
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger inflation data increases the chance the Fed tightens sooner, supporting the dollar and making dollar-priced commodities more expensive for overseas buyers. Persistent input cost inflation also raises the cost of producing feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-05-14 | [Dollar slips after unexpected rise in US producer prices \| Reuters](https://feedsoft.ai/events/30427-dollar-slips-after-unexpected-rise-in-us-producer-prices-reuters.md) | -0.7% | +1.6% |
| DXY | 2022-11-01 | [Gold prices edge down after dollar's rebound](https://feedsoft.ai/events/39042-gold-prices-edge-down-after-dollar-s-rebound.md) | -1.0% | -3.2% |
| DXY | 2017-02-09 | [U.S. dollar, bond yields rise after Trump promises tax plan](https://feedsoft.ai/events/72685-u-s-dollar-bond-yields-rise-after-trump-promises-tax-plan.md) | +0.1% | +0.7% |
| DXY | 2023-10-12 | [Dollar gains after US consumer prices rise more than expected](https://feedsoft.ai/events/33817-dollar-gains-after-us-consumer-prices-rise-more-than-expected.md) | +0.9% | -0.6% |
| DXY | 2021-06-21 | [Commodity Prices Dip As Dollar Surges \| OilPrice.com](https://feedsoft.ai/events/46491-commodity-prices-dip-as-dollar-surges-oilprice-com.md) | -1.0% | +0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/08/12/forex-markets-federal-reserve-monetary-policy-tightening-inflation.html

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