# US Dollar Strength After Fed Rate Cut Is Opposite of What Trump Wants - Business Insider

> The Federal Reserve cut its policy rate by a quarter point, but Chair Jerome Powell described the move as a mid-cycle adjustment rather than the start of an easing cycle. The S&P 500 fell as much as 1.8% and the dollar rose, extending its 2019 rally.

- Date: 2019-08-01 · published 2019-08-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10780-us-dollar-strength-after-fed-rate-cut-is-opposite-of-what-trump-wants-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar after a rate cut weakens dollar-denominated commodity prices and can cut US export competitiveness for grains and meal, which tends to pressure feed ingredient prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-03 | [US dollar strengthens after Fed comments - The Business Times](https://feedsoft.ai/events/62721-us-dollar-strengthens-after-fed-comments-the-business-times.md) | +0.6% | +2.3% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2024-11-07 | [Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times](https://feedsoft.ai/events/27699-vietnam-sets-dong-fix-rate-at-record-low-amid-us-dollar-strength-the-business.md) | +1.0% | +0.8% |
| DXY | 2023-12-05 | [Most Asian FX, stocks fall after traders reconsider Fed rate cut bets - Markets - Business Recorder](https://feedsoft.ai/events/32968-most-asian-fx-stocks-fall-after-traders-reconsider-fed-rate-cut-bets-markets.md) | +0.4% | -0.6% |

## Sources

- businessinsider.com: https://www.businessinsider.com/us-dollar-impact-of-fed-rate-cut-opposite-trump-wants-2019-8

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