# U.S. dollar rises versus peers as FX traders reduce their bets on rate cuts, sterling falls as Bank of England keeps base rate unchanged, but voices fears over Brexit. | Forex Trading Blog: News, Analysis & Trading Guides | FXCC

> The Federal Reserve held rates, and the dollar index rose slightly as traders trimmed bets on rate cuts later in 2019. Interest rate futures showed a 49% chance of a Fed cut this year, down from 61%. US job cut data and weak jobless numbers were also flagged.

- Date: 2019-05-03 · published 2019-05-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/59330-u-s-dollar-rises-versus-peers-as-fx-traders-reduce-their-bets-on-rate-cuts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A firmer dollar on reduced rate-cut expectations pressures dollar-priced commodities and can weigh on US export competitiveness for feed grains. The move is modest and reflects central bank expectations.

## Read by commodity

- DXY: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-10-31 | [Dollar at 16-month peak, yen weakens as BOJ in no hurry to exit stimulus \| Forex Trading Blog: News, Analysis & Trading Guides \| FXCC](https://feedsoft.ai/events/62769-dollar-at-16-month-peak-yen-weakens-as-boj-in-no-hurry-to-exit-stimulus-forex.md) | -0.6% | -0.0% |
| DXY | 2024-07-31 | [Strong July Pound Sterling Buying Stalls as Traders Focus on Bank of England \| Currency News UK](https://feedsoft.ai/events/29547-strong-july-pound-sterling-buying-stalls-as-traders-focus-on-bank-of-england.md) | -0.5% | -1.9% |
| DXY | 2018-06-27 | [Sterling Falls As Dollar Rises, Doubts Return Over Interest Rate Rise - Babypips.com](https://feedsoft.ai/events/64782-sterling-falls-as-dollar-rises-doubts-return-over-interest-rate-rise-babypips.md) | +0.0% | -0.3% |
| DXY | 2026-06-18 | [VIEW Bank of England leaves rates on hold, sterling falls \| Reuters](https://feedsoft.ai/events/19057-view-bank-of-england-leaves-rates-on-hold-sterling-falls-reuters.md) | +1.4% | +1.0% |
| DXY | 2022-08-20 | [Rand falls as dollar surges on Fed rate hike forecasts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/40329-rand-falls-as-dollar-surges-on-fed-rate-hike-forecasts-sabc-news-breaking-news.md) | +0.0% | +1.6% |
| CORN | 2017-06-14 | [Fed raises key rate and unveils plan to reduce bond holdings \| AP News](https://feedsoft.ai/events/70401-fed-raises-key-rate-and-unveils-plan-to-reduce-bond-holdings-ap-news.md) | -2.1% | -0.3% |
| CORN | 2016-11-26 | [Dollar Rally Hinges on Fed Moves as Traders Eye Jobs Report Next - Bloomberg](https://feedsoft.ai/events/74018-dollar-rally-hinges-on-fed-moves-as-traders-eye-jobs-report-next-bloomberg.md) | -3.4% | -1.4% |
| CORN | 2018-06-25 | [COT Dollar strength and trade fears trigger big changes across forex and commodities \| Saxo](https://feedsoft.ai/events/11644-cot-dollar-strength-and-trade-fears-trigger-big-changes-across-forex-and.md) | -1.1% | -3.7% |

## Sources

- blog.fxcc.com: https://blog.fxcc.com/u-s-dollar-rises-versus-peers-as-fx-traders-reduce-their-bets-on-rate-cuts-sterling-falls-as-bank-of-england-keeps-base-rate-unchanged-but-voices-fears-over-brexit

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