# Euro rises as dollar weakens on questions about more Fed rate cuts

> The euro rose on Thursday as the dollar weakened after the Federal Reserve cut its benchmark rate by 25 basis points to 1.50%-1.75%, its third cut this year. The Fed dropped its 'act as appropriate' language, which was seen as less hawkish than expected, and the euro traded near $1.1161.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar tends to support dollar-denominated commodity prices and can improve export competitiveness for US grains and meals, while the Fed's softer stance points to continued easy financial conditions.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.2% | -1.0% |
| DXY | 2019-10-31 | [Gold gains as dollar weakens after Fed's interest rate cut](https://feedsoft.ai/events/56483-gold-gains-as-dollar-weakens-after-fed-s-interest-rate-cut.md) | -0.1% | +0.8% |
| DXY | 2019-08-02 | [Dollar weakens as September rate cut bets mount](https://feedsoft.ai/events/57761-dollar-weakens-as-september-rate-cut-bets-mount.md) | +0.4% | +1.7% |
| DXY | 2017-08-18 | [Quick Hits: Weaker Dollar May Make Fed Rate Rises More Aggressive Over Time - WSJ](https://feedsoft.ai/events/69638-quick-hits-weaker-dollar-may-make-fed-rate-rises-more-aggressive-over-time-wsj.md) | -0.4% | -1.7% |
| DXY | 2025-08-06 | [Dollar falls as traders bet on more rate cuts](https://feedsoft.ai/events/23519-dollar-falls-as-traders-bet-on-more-rate-cuts.md) | -0.5% | -0.3% |
| EURUSD | 2023-11-27 | [US dollar weakens as Fed rate cut view weighs](https://feedsoft.ai/events/33364-us-dollar-weakens-as-fed-rate-cut-view-weighs.md) | -0.5% | +0.7% |
| EURUSD | 2024-09-05 | [Investor bets shift as dollar weakens with looming Fed rate cuts](https://feedsoft.ai/events/28220-investor-bets-shift-as-dollar-weakens-with-looming-fed-rate-cuts.md) | -0.6% | -0.3% |
| EURUSD | 2023-07-01 | [Dollar weaker after data burst, euro rises on ECB comments](https://feedsoft.ai/events/35680-dollar-weaker-after-data-burst-euro-rises-on-ecb-comments.md) | +0.7% | +0.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/10/31/forex-markets-federal-reserve-bank-of-japan-in-focus.html

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