# Yen, euro gain on dollar as Fed rate cut talks heat up | Malay Mail

> The yen and euro rose against the dollar on 2 March 2020 as markets anticipated Fed rate cuts to offset the coronavirus shock. The yen rose as high as 107.00 per dollar and had gained 3.2% the prior week, its biggest weekly gain since July 2016.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6189-yen-euro-gain-on-dollar-as-fed-rate-cut-talks-heat-up-malay-mail
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expected Fed easing narrows the dollar's yield advantage and supports dollar-priced commodities, while a firmer yen affects Japanese feed import costs.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2020-03-02 | 1 | -0.7% | -4.4 | Yen and euro rallied against the dollar on 2 March on Fed cut expectations, which contributed to the broad dollar decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-29 | [US dollar dives to 7-week low against yen on Fed rate cut hint \| Malay Mail](https://feedsoft.ai/events/54819-us-dollar-dives-to-7-week-low-against-yen-on-fed-rate-cut-hint-malay-mail.md) | -0.8% | +4.0% |
| DXY | 2023-12-14 | [Dollar tumbles on dovish Fed, euro gains as ECB talks down rate cuts – ThePrint – ReutersFeed](https://feedsoft.ai/events/8298-dollar-tumbles-on-dovish-fed-euro-gains-as-ecb-talks-down-rate-cuts-theprint.md) | -1.3% | -1.3% |
| DXY | 2023-12-27 | [Dollar hits 5-mth low against euro as Fed seen closer to rate cuts](https://feedsoft.ai/events/32899-dollar-hits-5-mth-low-against-euro-as-fed-seen-closer-to-rate-cuts.md) | +0.7% | +1.6% |
| DXY | 2019-10-31 | [Euro rises as dollar weakens on questions about more Fed rate cuts](https://feedsoft.ai/events/56782-euro-rises-as-dollar-weakens-on-questions-about-more-fed-rate-cuts.md) | -0.1% | +0.8% |
| DXY | 2023-12-01 | [Dollar eases as traders weigh rate cut prospects \| Malay Mail](https://feedsoft.ai/events/32931-dollar-eases-as-traders-weigh-rate-cut-prospects-malay-mail.md) | +0.3% | -1.5% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money---international/2020/03/02/yen-euro-gain-on-dollar-as-fed-rate-cut-talks-heat-up/1842545

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