# Key technical reversals, weak US ISM, reduced "no-deal" Brexit risk propels USD lower - Currency Exchange International, Corp.

> The dollar fell after technical reversals, a weak US ISM manufacturing print, and a sharp sterling rally as the UK parliament moved to block a no-deal Brexit. US 10-year yields dropped to new cycle lows below 1.44%. The Bank of Canada was also due to announce a rate decision.

- Date: 2019-09-04 · published 2019-09-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/12335-key-technical-reversals-weak-us-ism-reduced-no-deal-brexit-risk-propels-usd
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A softer dollar supports dollar-denominated commodity prices and eases import costs for foreign feed buyers. Lower US yields and weak manufacturing data point to slowing demand.

## Read by commodity

- DXY: bearish ▼
- GBPUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2019-09-04 | 1 | -0.5% | -3.0 | Published for 2019-09-04, it directly attributes the dollar's drop to technical reversals, a weak ISM print, falling Treasury yields and a sterling rally on reduced no-deal Brexit risk. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-31 | [USD/INR: Rupee Rises, GDP Revised Lower - Currency Live](https://feedsoft.ai/events/43419-usd-inr-rupee-rises-gdp-revised-lower-currency-live.md) | -0.8% | -0.7% |
| DXY | 2025-09-29 | [Why is the exchange rate in Vietnam rising rapidly despite the depreciation of the US dollar internationally?](https://feedsoft.ai/events/23193-why-is-the-exchange-rate-in-vietnam-rising-rapidly-despite-the-depreciation-of.md) | -0.3% | +0.3% |
| DXY | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.4% | -0.6% |
| DXY | 2019-01-31 | [Thai Baht surges past THB31.25/USD as weaker greenback continues to pressure Thai currency (Current Issue No.2962)
 - KASIKORN RESEARCH CENTER](https://feedsoft.ai/events/61344-thai-baht-surges-past-thb31-25-usd-as-weaker-greenback-continues-to-pressure.md) | +0.1% | +0.4% |
| DXY | 2022-07-29 | [Outlook for USD/JPY as yen takes advantage of USD weakness and sentiment change \| IG International](https://feedsoft.ai/events/40734-outlook-for-usd-jpy-as-yen-takes-advantage-of-usd-weakness-and-sentiment-change.md) | -0.2% | +0.8% |

## Sources

- ceifx.com: https://www.ceifx.com/news/key-technical-reversals-weak-us-ism-reduced-no-deal-brexit-risk-propels-usd-lower

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