# Dollar steady as U.S. jobless claims boost Fed rate cut bets

> The dollar was steady after US jobless claims rose more than expected, signaling a cooling labor market. The euro edged higher to $1.0848 after a large gain earlier in the week.

- Date: 2023-11-16 · published 2023-11-16T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10103-dollar-steady-as-u-s-jobless-claims-boost-fed-rate-cut-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A cooling labor market raises expectations of Fed rate cuts, which tend to weaken the dollar and modestly support dollar-priced commodities.

## Read by commodity

- DXY: neutral
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-26 | [GBP/USD slips as firm US jobless claims offset BoE cut bets](https://feedsoft.ai/events/20861-gbp-usd-slips-as-firm-us-jobless-claims-offset-boe-cut-bets.md) | +1.1% | +2.0% |
| DXY | 2024-02-16 | [Dollar steady after producer prices push back on Fed rate cut outlook](https://feedsoft.ai/events/31574-dollar-steady-after-producer-prices-push-back-on-fed-rate-cut-outlook.md) | -0.1% | -0.7% |
| DXY | 2019-06-17 | [Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut](https://feedsoft.ai/events/58784-forex-market-dollar-steady-ahead-of-fed-meeting-low-chances-of-june-rate-cut.md) | -0.9% | -1.1% |
| DXY | 2026-04-29 | [Canadian dollar steadies as oil lifts BoC rate hike bets - The Globe and Mail](https://feedsoft.ai/events/19934-canadian-dollar-steadies-as-oil-lifts-boc-rate-hike-bets-the-globe-and-mail.md) | -0.1% | +0.3% |
| DXY | 2024-07-10 | [Why the Fed cutting interest rates may weaken the U.S. dollar](https://feedsoft.ai/events/29459-why-the-fed-cutting-interest-rates-may-weaken-the-u-s-dollar.md) | -0.6% | +0.2% |
| EURUSD | 2019-06-20 | [Fed rate-cut sign boosts stocks, dollar drops](https://feedsoft.ai/events/7435-fed-rate-cut-sign-boosts-stocks-dollar-drops.md) | +1.6% | +0.1% |
| EURUSD | 2023-12-13 | [Dollar drops as Fed signals coming rate cuts](https://feedsoft.ai/events/8296-dollar-drops-as-fed-signals-coming-rate-cuts.md) | +1.7% | +1.4% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-holds-ground-macro-data-hints-later-fed-rate-cut-2023-11-16/

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