# Dollar extends losses on Fed rate cut bets

> The U.S. dollar fell against most major currencies on June 20, 2019 after the Fed kept rates at 2.50% but signaled possible future cuts. The dollar index dropped 0.5% to 96.6 points. Fed Chairman Jerome Powell said most members supported a cut before year-end.

- Date: 2019-06-20 · published 2019-06-20T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7441-dollar-extends-losses-on-fed-rate-cut-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Signals of future Fed easing put downward pressure on the dollar, which tends to support dollar-priced feed commodities. The impact depends on whether the cuts actually materialize and on trade-war developments.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2019-06-20 | 1 | -0.9% | -4.3 | Dollar fell on June 20 as the Fed signaled possible cuts and Powell said most members supported a cut, raising rate-cut bets. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-01 | [Gold extends record rally on Fed rate-cut bets, softer dollar](https://feedsoft.ai/events/29144-gold-extends-record-rally-on-fed-rate-cut-bets-softer-dollar.md) | -0.1% | -1.4% |
| DXY | 2023-12-14 | [Euro-Dollar Closing On 1.10 As ECB Resists Rate Cut Bets](https://feedsoft.ai/events/8300-euro-dollar-closing-on-1-10-as-ecb-resists-rate-cut-bets.md) | -1.3% | -1.3% |
| DXY | 2026-07-31 | [US Dollar: Post-Fed losses extend as positioning unwinds – ING](https://feedsoft.ai/events/8421-us-dollar-post-fed-losses-extend-as-positioning-unwinds-ing.md) | -0.1% | -1.1% |
| DXY | 2025-11-28 | [Dollar Finishes Lower and Gold Rallies on Fed Rate Cut Expectations](https://feedsoft.ai/events/21879-dollar-finishes-lower-and-gold-rallies-on-fed-rate-cut-expectations.md) | -0.5% | -1.5% |
| DXY | 2024-08-19 | [Sterling hits one-month high as Fed rate cut bets weigh on dollar \| Reuters](https://feedsoft.ai/events/29068-sterling-hits-one-month-high-as-fed-rate-cut-bets-weigh-on-dollar-reuters.md) | -0.8% | -0.7% |

## Sources

- economies.com: https://www.economies.com/forex/news/dollar-extends-losses-on-fed-rate-cut-bets-29549

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