Loading…
The ICE Dollar Index rose more than half a percent on February 26 as risk currencies sold off following a bond market rout. The gain was smaller on a trade-weighted basis, and the dollar strengthened against the euro, pound and commodity currencies.
The risk-off move and firmer dollar weigh on commodity-linked currencies and dollar-priced agricultural markets.
poundsterlinglive.comJames SkinnerFeb 26, 2021After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Directly describes the Feb 26 dollar gain against the euro, pound and commodity currencies after the bond rout, the same day as the move.
