# The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies - Marc to Market  Marc Chandler on Global FX and Capital Markets

> The dollar moved back to a central role in currency markets as the new COVID variant reduced appetite for higher-beta currencies. US and European 10-year yields fell sharply, and the Dollar Index reached a new high.

- Date: 2021-11-28 · published 2021-11-28T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11258-the-dollar-moves-back-to-the-fulcrum-between-the-funding-and-higher-beta
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower risk appetite and a firmer dollar weigh on dollar-priced commodities and emerging-market currencies, which can hurt feed import demand in those markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-08-01 | [Mid-Course Correction Sends Greenback Higher - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/57512-mid-course-correction-sends-greenback-higher-marc-to-market-marc-chandler-on.md) | +1.1% | +2.1% |
| DXY | 2017-09-29 | [Dollar's Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/69152-dollar-s-gains-pared-but-set-to-snap-six-month-losing-streak-against-the-euro.md) | +0.3% | +1.7% |
| DXY | 2020-10-18 | [Sterling and Yuan Resilience, While Rate Differentials Aid Dollar?  - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/50814-sterling-and-yuan-resilience-while-rate-differentials-aid-dollar-marc-to-market.md) | -0.7% | -1.7% |
| DXY | 2020-01-19 | [The Charts: China Allows CNY to Rise Against the Dollar as the Greenback Advances Against Almost Everyone Else - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/7877-the-charts-china-allows-cny-to-rise-against-the-dollar-as-the-greenback.md) | +0.6% | +1.3% |
| DXY | 2020-03-19 | [A global rush into the US dollar is driving extreme market moves and a temporary shortage](https://feedsoft.ai/events/6274-a-global-rush-into-the-us-dollar-is-driving-extreme-market-moves-and-a.md) | +0.5% | -0.9% |

## Sources

- marctomarket.com: https://www.marctomarket.com/2021/11/the-dollar-moves-back-to-fulcrum.html

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