# US Dollar Under "Significant Pressure" As Fed Make A Hawkish Cut And Tipped To Remain On Hold For The Remainder Of 2019 | Exchange Rates UK

> The Fed cut rates for the third time in 2019 as insurance against the global slowdown, and the dollar came under pressure after the decision. The US dollar traded near 97.27, close to October lows and well below its 2019 high of 99.67. The article says the cut was well forecast and largely priced in, and that US GDP grew 1.9%.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/56776-us-dollar-under-and-quot-significant-pressure-and-quot-as-fed-make-a-hawkish
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar would support US dollar-priced commodities, but the analyst expects further cuts to be unlikely, so the currency effect may fade. The move is largely priced in, which limits the price impact.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-29 | [Dollar Remains Under Pressure Despite Fed’s Hawkish Hold as Gold Surges Again \| Investing.com](https://feedsoft.ai/events/20960-dollar-remains-under-pressure-despite-fed-s-hawkish-hold-as-gold-surges-again.md) | +0.6% | +0.3% |
| DXY | 2026-01-28 | [Fed holds rates with stocks at record highs, dollar under pressure, and Powell in the crosshairs \| Fortune](https://feedsoft.ai/events/20964-fed-holds-rates-with-stocks-at-record-highs-dollar-under-pressure-and-powell-in.md) | +0.4% | +0.3% |
| DXY | 2020-08-30 | [Pound To Dollar Rate Forecast: Could A Dovish BoE Weigh On GBP/USD Rates This Week? \| Exchange Rates UK](https://feedsoft.ai/events/51866-pound-to-dollar-rate-forecast-could-a-dovish-boe-weigh-on-gbp-usd-rates-this.md) | +0.1% | +1.4% |
| DXY | 2025-07-02 | [U.S. dollar to stay under pressure from tariff, debt and rate cut expectations](https://feedsoft.ai/events/23958-u-s-dollar-to-stay-under-pressure-from-tariff-debt-and-rate-cut-expectations.md) | +0.3% | +1.7% |
| DXY | 2017-03-16 | [Why Did The US Dollar Fall Despite FED Hike? \| Exchange Rates UK](https://feedsoft.ai/events/72192-why-did-the-us-dollar-fall-despite-fed-hike-exchange-rates-uk.md) | -1.3% | -1.2% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/27667/2019-10-31-us-dollar-under-significant-pressure-as-fed-make-a-hawkish-cut-tipped-remain-on-hold-for-2019.html

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