◂ Event Timeline

Mar 3, 2026MACROGlobal

Dollar gets its mojo back - but only by default

Reuters reported that the dollar's recent strength has been driven largely by default rather than by strong demand for the currency. The article provides limited detail on specific market moves.

WHY IT MATTERS

A dollar rally driven by default rather than conviction may be fragile, so its effect on dollar-priced feed commodity export competitiveness could reverse quickly.

AFFECTSDXY◆

SOURCE
reuters.comMike DolanMar 3, 2026

Price reaction & history

DXY◆neutralSO FAR1d +0.6%5d +0.7%20d +2.2%

After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.

Jan 28, 2026FOMC decision: Fed firmly on pause, as dollar recovers but gold continues its march higher+0.4%
Mar 10, 2021Dollar claws back some losses as U.S. yields stabilise | Reuters-0.8%
Nov 21, 2025Dollar slips against yen but heads for broad weekly rise | Reuters-0.5%
Jun 5, 2024US dollar to weaken, but Fed rate cuts are required, say strategists: Reuters poll+1.1%
Nov 13, 2023Japanese yen jumps against dollar | Reuters-1.0%

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.

DXY · GP ▸

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