# Pound extends fall after US inflation data lifts dollar - Markets - Business Recorder

> Sterling fell against the dollar on July 13 after US CPI rose 0.9% in June, the largest monthly gain since 2008, with core CPI up 4.5% year on year. The greenback rose to a six-day high as markets brought forward US rate hike expectations.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/46308-pound-extends-fall-after-us-inflation-data-lifts-dollar-markets-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar driven by inflation and rate expectations pressures dollar-denominated commodity prices and can weigh on US export competitiveness.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |
| DXY | 2022-02-11 | [Rate hike bets support the dollar amid surging US inflation - Markets - Business Recorder](https://feedsoft.ai/events/42876-rate-hike-bets-support-the-dollar-amid-surging-us-inflation-markets-business.md) | +0.1% | +2.2% |
| DXY | 2026-08-31 | [Dollar slips ahead of US jobs data - Markets - Business Recorder](https://feedsoft.ai/events/18078-dollar-slips-ahead-of-us-jobs-data-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40106935

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