# Dollar rises as Fed's Powell cools bets on rate-cut

> The dollar rose after Fed Chair Jerome Powell said the current policy stance is appropriate, reducing expectations for a rate cut. The move came despite a weak ISM manufacturing reading that hit a 2.5-year low in April.

- Date: 2019-05-01 · published 2019-05-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/59251-dollar-rises-as-fed-s-powell-cools-bets-on-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced odds of Fed easing support a firmer dollar, which weighs on dollar-priced commodities. The shift in rate expectations is the key driver for currency and commodity pricing.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-20 | [Dollar rises as Fed sees no rush to cut rates](https://feedsoft.ai/events/25773-dollar-rises-as-fed-sees-no-rush-to-cut-rates.md) | +0.3% | -2.0% |
| DXY | 2022-10-28 | [Gold down 1% as dollar, yields rise on Fed rate-hike bets](https://feedsoft.ai/events/39036-gold-down-1-as-dollar-yields-rise-on-fed-rate-hike-bets.md) | +1.2% | -2.4% |
| DXY | 2025-10-29 | [Powell's comments curb December rate cut bets, boosting dollar \| Reuters](https://feedsoft.ai/events/22318-powell-s-comments-curb-december-rate-cut-bets-boosting-dollar-reuters.md) | +1.0% | +0.5% |
| DXY | 2020-09-17 | [Asian Shares Drop, Dollar Rises On Fed Interest Rate Promise](https://feedsoft.ai/events/51285-asian-shares-drop-dollar-rises-on-fed-interest-rate-promise.md) | +1.6% | +0.6% |
| DXY | 2025-07-30 | [Global stock index dips, dollar climbs as Fed's Powell holds off on Sept rate cut verdict](https://feedsoft.ai/events/23658-global-stock-index-dips-dollar-climbs-as-fed-s-powell-holds-off-on-sept-rate.md) | -0.0% | -0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/04/30/forex-market-china-pmi-data-fed-meeting-in-focus.html

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