# Dented dollar on Fed outlook buoys EM currencies - Moneyweb

> The dollar weakened after the Federal Reserve cut rates and signaled that further cuts were unlikely, which lifted emerging market currencies. The rand slumped further ahead of the Moody's review, while the yuan rose to a 10-week high.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/56866-dented-dollar-on-fed-outlook-buoys-em-currencies-moneyweb
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A softer dollar tends to support commodity prices and eases dollar-priced import costs for emerging market feed buyers. The rand's fall ahead of the rating review is a separate local pressure.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-23 | [Dollar falls broadly on Trump’s currency comments - Moneyweb](https://feedsoft.ai/events/64215-dollar-falls-broadly-on-trump-s-currency-comments-moneyweb.md) | -0.4% | +1.1% |
| DXY | 2021-08-27 | [Asian Currency Outlook: Bearish Bets Decline as Dollar Eases](https://feedsoft.ai/events/45814-asian-currency-outlook-bearish-bets-decline-as-dollar-eases.md) | -0.9% | -0.0% |
| DXY | 2017-01-31 | [EM ASIA FX-Asian currencies firmer as Trump policy worries dent dollar](https://feedsoft.ai/events/73240-em-asia-fx-asian-currencies-firmer-as-trump-policy-worries-dent-dollar.md) | -0.6% | -0.6% |
| DXY | 2020-11-30 | [Dollar’s slump thrusts currency peers to brink of new highs - Moneyweb](https://feedsoft.ai/events/50372-dollar-s-slump-thrusts-currency-peers-to-brink-of-new-highs-moneyweb.md) | -1.2% | -1.5% |
| DXY | 2017-02-02 | [Dollar falls after non-commital Fed, earnings weigh on stocks - Moneyweb](https://feedsoft.ai/events/72398-dollar-falls-after-non-commital-fed-earnings-weigh-on-stocks-moneyweb.md) | -0.2% | +0.4% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/dented-dollar-on-fed-outlook-buoys-em-currencies/

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