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The U.S. dollar index posted one of its biggest gains of 2021 on February 26 as equities sold off. January personal income rose 10%, driven by government benefits, and consumer sentiment fell to 76.8.
A stronger dollar during a risk-off selloff weighs on dollar-priced commodities and raises costs for importers.
fxdailyreport.comDaffa ZakyFeb 26, 2021After 2,356 past bullish macro events, US Dollar (Broad) 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.
Reports the dollar index posting one of its biggest 2021 gains on Feb 26 as equities sold off, a risk-off safe-haven bid.
