# The Dollar Advances as Fed Rate Guidance and Trade War Headlines Offer Support

> The dollar rose on Monday after the Fed signaled no further near-term rate cuts and October payrolls eased worries about the economy. Commerce Secretary Wilbur Ross said a phase one US-China trade deal could be delivered later in the month.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/55964-the-dollar-advances-as-fed-rate-guidance-and-trade-war-headlines-offer-support
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A firmer dollar pressures dollar-priced commodities, while the prospect of a phase one trade deal supports US farm export demand. Both forces push in opposite directions for feed prices.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-21 | [South African rand weaker as Fed rate bets support dollar \| CNBC Africa](https://feedsoft.ai/events/36686-south-african-rand-weaker-as-fed-rate-bets-support-dollar-cnbc-africa.md) | +0.3% | +0.8% |
| DXY | 2022-09-28 | [Rand weakens as dollar advances on hawkish Fed - Moneyweb](https://feedsoft.ai/events/39845-rand-weakens-as-dollar-advances-on-hawkish-fed-moneyweb.md) | -1.8% | -1.5% |
| DXY | 2016-12-15 | [Dollar, bond yields advance on Fed rate outlook](https://feedsoft.ai/events/6462-dollar-bond-yields-advance-on-fed-rate-outlook.md) | +1.6% | +1.1% |
| DXY | 2024-01-31 | [Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail](https://feedsoft.ai/events/32333-canadian-dollar-weakens-as-fed-rate-signal-offsets-gdp-gain-the-globe-and-mail.md) | +0.3% | +0.4% |
| DXY | 2024-06-07 | [Dollar Rallies and Gold Sinks as Fed Rate Cut Hopes Recede](https://feedsoft.ai/events/8477-dollar-rallies-and-gold-sinks-as-fed-rate-cut-hopes-recede.md) | +1.4% | +0.8% |
| SOY | 2023-03-13 | [Dollar slides as Fed rate hike outlook tumbles after SVB collapse](https://feedsoft.ai/events/37051-dollar-slides-as-fed-rate-hike-outlook-tumbles-after-svb-collapse.md) | -2.4% | -1.7% |
| SOY | 2022-03-18 | [Why traders sell dollars after Fed vowed to aggressively hike rates? - CGTN](https://feedsoft.ai/events/42439-why-traders-sell-dollars-after-fed-vowed-to-aggressively-hike-rates-cgtn.md) | +1.9% | +0.8% |
| SOY | 2025-08-22 | [Canadian dollar rallies the most in three months as Fed’s Powell signals possible rate cut - The Globe and Mail](https://feedsoft.ai/events/23555-canadian-dollar-rallies-the-most-in-three-months-as-fed-s-powell-signals.md) | -0.6% | -0.9% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/usd/12341-u-s-dollar-advances-as-fed-rate-pledge-trade-headlines-offer-support

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