# Dollar index hits 3-week high on US growth hopes

> The dollar index rose to a three-week high of about 91.02 as investors bet on faster U.S. growth and inflation. The Australian dollar gained after the Reserve Bank of Australia bought more bonds than expected to curb rising yields. Benchmark 10-year Treasury yields rose to 1.432%, below their one-year high.

- Date: 2021-03-01 · published 2021-03-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10062-dollar-index-hits-3-week-high-on-us-growth-hopes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Dollar strength driven by growth expectations weighs on dollar-priced grains and oilseeds, and a stronger Australian dollar can ease pressure on Australian barley and sorghum export values. Feed buyers may see modest downward pressure on import-parity prices.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-01 | [Dollar index hits two-week high after data; yen remains soft](https://feedsoft.ai/events/35681-dollar-index-hits-two-week-high-after-data-yen-remains-soft.md) | -0.3% | -1.3% |
| DXY | 2024-01-17 | [Dollar hits new one-month high as data weighs on rate cut hopes](https://feedsoft.ai/events/32291-dollar-hits-new-one-month-high-as-data-weighs-on-rate-cut-hopes.md) | +0.4% | +0.8% |
| DXY | 2022-05-05 | [Dollar index hits 20-year high, sterling tumbles on dovish BoE](https://feedsoft.ai/events/8318-dollar-index-hits-20-year-high-sterling-tumbles-on-dovish-boe.md) | +0.7% | -1.2% |
| DXY | 2023-06-29 | [Dollar index hits two-week high as data boosts Fed hike expectations](https://feedsoft.ai/events/35661-dollar-index-hits-two-week-high-as-data-boosts-fed-hike-expectations.md) | +0.4% | -1.2% |
| DXY | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.3% | +0.1% |

## Sources

- globalbankingandfinance.com: https://www.globalbankingandfinance.com/dollar-gains-on-reflation-trade-aussie-recovers/

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