# FOREX-Dollar edges down, European inflation data lift euro

> The dollar index edged down 0.1% to 98.963 while the yen held firm on North Korea tensions. Strong US wage data and weak GDP both featured in the week's outlook. The Fed was expected to possibly hike rates twice more this year.

- Date: 2017-05-01 · published 2017-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71229-forex-dollar-edges-down-european-inflation-data-lift-euro
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Expectations of Fed hikes support the dollar, which can pressure dollar-denominated commodity prices and import costs for feed buyers abroad.

## Read by commodity

- DXY: neutral
- USDJPY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-30 | [FOREX-US dollar flat against peers after softer-than-expected inflation data \| International](https://feedsoft.ai/events/17640-forex-us-dollar-flat-against-peers-after-softer-than-expected-inflation-data.md) | -0.1% | +0.7% |
| DXY | 2021-06-25 | [Dollar steady after U.S. inflation data misses estimates](https://feedsoft.ai/events/46773-dollar-steady-after-u-s-inflation-data-misses-estimates.md) | +0.4% | +1.0% |
| DXY | 2024-02-27 | [Dollar slips vs yen after Japan inflation data, US durable goods](https://feedsoft.ai/events/31907-dollar-slips-vs-yen-after-japan-inflation-data-us-durable-goods.md) | -0.2% | -0.0% |
| DXY | 2021-10-18 | [How does dollar impact inflation? Watch commodities](https://feedsoft.ai/events/44437-how-does-dollar-impact-inflation-watch-commodities.md) | -0.4% | +0.4% |
| DXY | 2024-06-19 | [Dollar struggles for direction, euro close to 1-1/2-month low](https://feedsoft.ai/events/29979-dollar-struggles-for-direction-euro-close-to-1-1-2-month-low.md) | +0.2% | -1.0% |

## Sources

- lachlanrussell.com: https://lachlanrussell.com/api/p/finance.yahoo.com/news/forex-dollar-edges-down-european-003709705.html

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