# Dollar falls for first day in 5 ahead of US consumer spending data

> The dollar index fell 0.2% to 97.84 on May 31, its first decline in five days, as trade war concerns grew. President Trump announced a plan to impose 5% tariffs on Mexican imports from June 10, rising to 25%, over illegal migration.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude high
- Page: https://feedsoft.ai/events/59254-dollar-falls-for-first-day-in-5-ahead-of-us-consumer-spending-data
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

New tariffs on Mexico threaten US agricultural exports to a key buyer, including corn and feed products. Trade-war fears also raise odds of Fed easing, which weighs on the dollar.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-31 | [Canadian dollar falls despite positive economic data](https://feedsoft.ai/events/59325-canadian-dollar-falls-despite-positive-economic-data.md) | -2.5% | +3.0% |
| CORN | 2019-11-13 | [Dollar falls against yen as investors shift to safe havens](https://feedsoft.ai/events/56316-dollar-falls-against-yen-as-investors-shift-to-safe-havens.md) | -0.8% | -4.5% |
| CORN | 2021-11-23 | [EU wheat exports ahead of last season, French data still lacking \| Financial Post](https://feedsoft.ai/events/43994-eu-wheat-exports-ahead-of-last-season-french-data-still-lacking-financial-post.md) | -3.9% | -0.1% |
| CORN | 2020-03-05 | [Dollar's strength yet another snag for U.S.-China farm deal](https://feedsoft.ai/events/54376-dollar-s-strength-yet-another-snag-for-u-s-china-farm-deal.md) | +0.2% | -2.5% |
| CORN | 2023-04-06 | [After growing GM corn for decades, some US farmers open to Mexican restrictions \| Reuters](https://feedsoft.ai/events/36378-after-growing-gm-corn-for-decades-some-us-farmers-open-to-mexican-restrictions.md) | -0.4% | -2.0% |

## Sources

- economies.com: https://www.economies.com/forex/news/dollar-falls-for-first-day-in-5-ahead-of-us-consumer-spending-data-29202

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