# Dollar Inches up as Fed Eyed for June Rate Steer | Fox Business

> The dollar inched up on May 3, 2017 ahead of the Fed statement, with the dollar index at 99.094 near a 5.5-month low. Markets priced a 65% chance of a June hike, and the euro held near $1.09.

- Date: 2017-05-03 · published 2017-05-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/71192-dollar-inches-up-as-fed-eyed-for-june-rate-steer-fox-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expectations of a June Fed hike are supporting the dollar, which tends to weigh on US dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | -0.2% | +0.4% |
| DXY | 2023-10-24 | [Dollar rises as US business activity ticks up in October](https://feedsoft.ai/events/33815-dollar-rises-as-us-business-activity-ticks-up-in-october.md) | +0.1% | -2.5% |
| DXY | 2022-01-17 | [Dollar edges up as traders assess Fed rate hike bets \| Reuters](https://feedsoft.ai/events/43326-dollar-edges-up-as-traders-assess-fed-rate-hike-bets-reuters.md) | +0.7% | +0.7% |
| DXY | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | +0.8% | +1.1% |
| DXY | 2023-05-30 | [US dollar set to be stronger for longer - The Business Times](https://feedsoft.ai/events/36141-us-dollar-set-to-be-stronger-for-longer-the-business-times.md) | -0.5% | -1.4% |
| EURUSD | 2021-06-18 | [Fed-fuelled dollar up in Europe - Business & Finance - Business Recorder](https://feedsoft.ai/events/5934-fed-fuelled-dollar-up-in-europe-business-and-finance-business-recorder.md) | +0.1% | -0.8% |
| EURUSD | 2021-11-17 | [FOREX-Rate bets rule currency markets as dollar shines; euro, Aussie sag \| Business](https://feedsoft.ai/events/11955-forex-rate-bets-rule-currency-markets-as-dollar-shines-euro-aussie-sag-business.md) | -0.6% | -0.6% |
| EURUSD | 2019-07-26 | [The Euro-Dollar Rate is In Line for Forecast Downgrades as ECB Eyes Stimulus](https://feedsoft.ai/events/58314-the-euro-dollar-rate-is-in-line-for-forecast-downgrades-as-ecb-eyes-stimulus.md) | -0.8% | -0.6% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/markets/dollar-inches-up-as-fed-eyed-for-june-rate-steer

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