# Loonie rallies as hotter inflation clips rate cut bets | Reuters

> The dollar weakened on Thursday as US economic data pointed to slowing growth, while the loonie rallied as hotter Canadian inflation reduced rate-cut bets. The yen stayed near a 38-year low against the dollar.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/58829-loonie-rallies-as-hotter-inflation-clips-rate-cut-bets-reuters
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves shift the relative cost of US and Canadian grain, oilseed and meal exports and affect feed import costs for buyers in those markets.

## Read by commodity

- DXY: bearish ▼
- USDCAD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Australia's hotter Q4 core inflation fuels bets for rate hike next week \| Reuters](https://feedsoft.ai/events/21313-australia-s-hotter-q4-core-inflation-fuels-bets-for-rate-hike-next-week-reuters.md) | +0.4% | +0.3% |
| DXY | 2024-06-12 | [EUR/USD rallies above 1.0800 after soft US Inflation vitalize Fed rate-cut bets for September](https://feedsoft.ai/events/10801-eur-usd-rallies-above-1-0800-after-soft-us-inflation-vitalize-fed-rate-cut-bets.md) | -0.0% | -1.0% |
| DXY | 2024-08-16 | [Gold rallies to record high on softer dollar, rate-cut expectations \| Reuters](https://feedsoft.ai/events/28697-gold-rallies-to-record-high-on-softer-dollar-rate-cut-expectations-reuters.md) | -0.2% | -0.8% |
| DXY | 2025-11-26 | [Canadian dollar notches a six-day high as Fed rate cut bets climb \| Reuters](https://feedsoft.ai/events/22178-canadian-dollar-notches-a-six-day-high-as-fed-rate-cut-bets-climb-reuters.md) | -0.7% | -1.8% |
| DXY | 2022-12-01 | [Dollar index lowest since August as inflation moderates \| Reuters](https://feedsoft.ai/events/38417-dollar-index-lowest-since-august-as-inflation-moderates-reuters.md) | -0.6% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/article/us-canada-forex/loonie-rallies-as-hotter-inflation-clips-rate-cut-bets-idUSKCN1TK1XQ/?feedName=businessNews&feedType=RSS

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