# Dollar dips as Fed signals pause in rate-cutting cycle

> The dollar fell against a basket of major currencies on Wednesday after the Federal Reserve cut its policy rate by a quarter point to 1.50%-1.75%, its third cut this year. The Fed also dropped its 'will act as appropriate' language, which had been read as a signal of further cuts. The dollar index rose to 98.00 as Powell spoke, then retraced to about 97.53.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/56773-dollar-dips-as-fed-signals-pause-in-rate-cutting-cycle
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar tends to support dollar-denominated grain and oilseed prices and can improve export competitiveness for US feed ingredients. The removal of easing language reduces expectations of further cuts, which limits the currency's downside.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 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) | -1.0% | -0.7% |
| DXY | 2024-07-31 | [Stocks rise; yields, dollar lower as Fed signals rate cut](https://feedsoft.ai/events/29141-stocks-rise-yields-dollar-lower-as-fed-signals-rate-cut.md) | -0.5% | -1.9% |
| DXY | 2024-07-31 | [Dollar falls as Fed signals likely September rate cut](https://feedsoft.ai/events/29455-dollar-falls-as-fed-signals-likely-september-rate-cut.md) | -0.5% | -1.9% |
| DXY | 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) | -1.1% | -0.8% |
| DXY | 2022-06-15 | [Dollar dips as Fed hikes rates, flags slowing economy](https://feedsoft.ai/events/7713-dollar-dips-as-fed-hikes-rates-flags-slowing-economy.md) | -0.9% | +2.0% |

## Sources

- reuters.com: https://www.reuters.com/article/us-global-forex/dollar-steady-as-markets-hunker-down-for-fed-rate-cut-idUSKBN1X801L/

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