# Dollar slips as weak data boosts US rate cut bets

> The dollar eased from two-year highs after weak U.S. manufacturing data showed factory activity at its lowest in almost a decade in May. Investors worried the US-China trade conflict could hurt the economy and the dollar's safe-haven status.

- Date: 2019-05-24 · published 2019-05-24T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/59248-dollar-slips-as-weak-data-boosts-us-rate-cut-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker US growth expectations raise odds of Fed rate cuts, which tend to weaken the dollar and can support dollar-priced commodities like grains and oilseeds. A softer dollar also tends to help US export competitiveness.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-02 | [Dollar hits four-month low as weak US jobs data boosts rate cut bets](https://feedsoft.ai/events/9285-dollar-hits-four-month-low-as-weak-us-jobs-data-boosts-rate-cut-bets.md) | -0.3% | -1.3% |
| 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 | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | -0.4% | -0.9% |
| DXY | 2025-08-29 | [Dollar Slips as PCE Data Meets Forecasts, Fed Cut Bets Build](https://feedsoft.ai/events/23512-dollar-slips-as-pce-data-meets-forecasts-fed-cut-bets-build.md) | -0.1% | +0.1% |
| DXY | 2023-11-24 | [Dollar slips on bets US rates have peaked](https://feedsoft.ai/events/33363-dollar-slips-on-bets-us-rates-have-peaked.md) | -0.4% | -1.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/24/forex-market-us-china-trade-war-us-treasury-yields-in-focus.html

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