# Dollar drops on mixed data, trade optimism

> The dollar fell on Friday after mixed US jobs data showed slower-than-expected October job growth and stronger prior-month hiring. Optimism that the US and China would reach a deal to end their trade war also reduced demand for the greenback as a safe haven.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/56260-dollar-drops-on-mixed-data-trade-optimism
- 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 weaker dollar supports US dollar-priced commodities such as grains and oilseeds by making them cheaper for foreign buyers, while easing trade-war risk supports demand expectations for US farm exports.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-30 | [Dollar droops as optimism over U.S. trade deals boost Fed easing bets](https://feedsoft.ai/events/24415-dollar-droops-as-optimism-over-u-s-trade-deals-boost-fed-easing-bets.md) | -0.0% | +0.8% |
| DXY | 2019-10-28 | [Dollar dips on trade optimism, before Fed meeting - Trending - Aaj English TV](https://feedsoft.ai/events/56781-dollar-dips-on-trade-optimism-before-fed-meeting-trending-aaj-english-tv.md) | -0.3% | +0.8% |
| DXY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.0% | -0.2% |
| DXY | 2017-05-19 | [Futures File: Dollar drops on Trump news](https://feedsoft.ai/events/7589-futures-file-dollar-drops-on-trump-news.md) | -0.8% | -1.4% |
| DXY | 2019-06-19 | [Dollar Drops on Fed Comments -- Market Talk - WSJ](https://feedsoft.ai/events/7437-dollar-drops-on-fed-comments-market-talk-wsj.md) | -1.1% | -0.9% |
| SOY | 2025-11-01 | [US dollar slips as trade optimism boosts risk appetite](https://feedsoft.ai/events/22637-us-dollar-slips-as-trade-optimism-boosts-risk-appetite.md) | +0.2% | +2.6% |
| SOY | 2019-12-27 | [Trade optimism puts floor on dollar/yen, boosts Aussie \| Financial Post](https://feedsoft.ai/events/55794-trade-optimism-puts-floor-on-dollar-yen-boosts-aussie-financial-post.md) | -0.8% | -4.3% |
| SOY | 2018-01-02 | [Dollar falls to more than 3-month low on first trading day of 2018](https://feedsoft.ai/events/67214-dollar-falls-to-more-than-3-month-low-on-first-trading-day-of-2018.md) | +0.7% | +5.1% |

## Sources

- reuters.com: https://www.reuters.com/article/global-forex-idUKL2N27H0S4/

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