# Dollar set for second consecutive monthly loss vs euro and pound | Euronews

> The dollar was set for its second consecutive monthly loss against the euro and pound on May 31, 2021, after a surge in U.S. core PCE inflation to 3.1%, the highest since 1992. The euro traded flat near $1.2195 and sterling near $1.4173 in thin holiday trade.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/47295-dollar-set-for-second-consecutive-monthly-loss-vs-euro-and-pound-euronews
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar tends to support U.S. commodity prices in foreign currency terms and can lift export competitiveness for U.S. feed grains, though the move in this session was small.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | +0.6% | -1.2% |
| DXY | 2021-07-29 | [Pound highest in over a month as dollar dips on dovish Fed \| Euronews](https://feedsoft.ai/events/46306-pound-highest-in-over-a-month-as-dollar-dips-on-dovish-fed-euronews.md) | -0.3% | +0.4% |
| DXY | 2023-03-30 | [Sterling set for biggest monthly gain vs dollar since November](https://feedsoft.ai/events/37118-sterling-set-for-biggest-monthly-gain-vs-dollar-since-november.md) | -0.4% | -0.3% |
| DXY | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | -0.0% | +1.1% |
| DXY | 2022-05-24 | [Dollar at one-month low as Lagarde comments lift euro \| Financial Newsletter](https://feedsoft.ai/events/12691-dollar-at-one-month-low-as-lagarde-comments-lift-euro-financial-newsletter.md) | -0.5% | +1.5% |
| EURUSD | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | -1.6% | +0.9% |
| EURUSD | 2022-05-24 | [Dollar at one-month low as Lagarde comments lift euro \| Financial Newsletter](https://feedsoft.ai/events/12691-dollar-at-one-month-low-as-lagarde-comments-lift-euro-financial-newsletter.md) | +0.6% | -0.8% |
| EURUSD | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | -0.9% | +1.0% |

## Sources

- euronews.com: https://www.euronews.com/next/2021/05/31/uk-global-forex

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