# Exchange Rates Today 05.03.2021: Pound And Euro Fall As Dollar Soars As Powell Ignores Inflation And Rates

> The pound and euro fell against the dollar after Powell's remarks, with GBP/USD trading near 1.3890 and EUR/USD back below 1.20. The euro also weakened after a sharp miss in eurozone retail sales.

- Date: 2021-03-05 · published 2021-03-05T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11418-exchange-rates-today-05-03-2021-pound-and-euro-fall-as-dollar-soars-as-powell
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Currency moves of this size shift the relative cost of US commodities for European buyers, and a firmer dollar is generally bearish for dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- GBPUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2021-03-05 | 1 | -1.1% | -3.2 | Euro fell on March 5 as the dollar surged after Powell's remarks and eurozone retail sales missed sharply, adding euro-specific weakness. |
| DXY | 2021-03-05 | 1 | +0.9% | 3.5 | Euro and pound fell against the dollar on March 5 after Powell's remarks and weak eurozone retail sales, adding to dollar gains. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-04-30 | [Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week \| Exchange Rates UK](https://feedsoft.ai/events/65728-euro-dollar-exchange-rates-to-face-german-inflation-fed-and-us-jobs-this-week.md) | +1.0% | +2.2% |
| DXY | 2024-03-27 | [Exchange Rates Today: Dollar At 34-Year High Vs Yen, Pound Euro Steady](https://feedsoft.ai/events/31471-exchange-rates-today-dollar-at-34-year-high-vs-yen-pound-euro-steady.md) | +0.2% | +1.4% |
| DXY | 2018-10-31 | [Exchange Rates News Today: Pound Sterling Best Performer, Euro Flat, Dollar Firms As Stocks Rebound \| Exchange Rates UK](https://feedsoft.ai/events/62804-exchange-rates-news-today-pound-sterling-best-performer-euro-flat-dollar-firms.md) | -0.6% | -0.0% |
| DXY | 2021-03-04 | [U.S. Dollar Soars As Powell Expresses Little Concern About Inflation, Rates \| Investing.com](https://feedsoft.ai/events/10064-u-s-dollar-soars-as-powell-expresses-little-concern-about-inflation-rates.md) | +0.7% | +0.9% |
| DXY | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | +1.2% | -2.4% |
| EURUSD | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | -2.3% | +4.0% |
| EURUSD | 2016-12-28 | [Euro To Dollar Forecast: Rally In EUR USD Exchange Rate Falters And 2017 Looks Bearish](https://feedsoft.ai/events/73670-euro-to-dollar-forecast-rally-in-eur-usd-exchange-rate-falters-and-2017-looks.md) | +0.2% | +2.2% |
| EURUSD | 2018-09-30 | [The British Pound, Euro And US Dollar (GBP, EUR, USD) Exchange Rate Forecasts - Brexit Update \| Exchange Rates UK](https://feedsoft.ai/events/63290-the-british-pound-euro-and-us-dollar-gbp-eur-usd-exchange-rate-forecasts-brexit.md) | -1.0% | -2.0% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/32179/exchange-rates-today-05-03-2021-pound-euro-fall-dollar-soars-powell-ignores-inflation-rates.html

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