# Dollar weakens as September rate cut bets mount

> The dollar fell broadly after US July payrolls rose 164,000 and trade tensions escalated. Markets nearly fully priced in a September Fed rate cut following the first rate cut since 2008.

- Date: 2019-08-02 · published 2019-08-02T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/57761-dollar-weakens-as-september-rate-cut-bets-mount
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower rates tend to support dollar-priced commodities, though the rate cut expectations are largely a macro signal for feed markets.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-24 | [Dollar slips as weak data boosts US rate cut bets](https://feedsoft.ai/events/59248-dollar-slips-as-weak-data-boosts-us-rate-cut-bets.md) | +0.4% | -1.2% |
| 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 | 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 | 2024-04-25 | [Dollar swoons after data suggests rate cut in September](https://feedsoft.ai/events/31001-dollar-swoons-after-data-suggests-rate-cut-in-september.md) | +0.1% | -1.1% |
| DXY | 2024-05-15 | [Dollar swoons after data suggests rate cut in September](https://feedsoft.ai/events/30426-dollar-swoons-after-data-suggests-rate-cut-in-september.md) | -0.4% | +1.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/08/02/forex-markets-us-china-trade-war-dollar-yen-in-focus.html

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