# U.S. dollar, yen climb as Delta variant crushes risk sentiment | Financial Post

> The dollar and yen rose on July 19 as the Delta COVID variant spread and drove risk aversion. The 10-year Treasury yield fell to 1.176%, a five-month low, and the dollar index hit its highest since April.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/46301-u-s-dollar-yen-climb-as-delta-variant-crushes-risk-sentiment-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A stronger dollar and risk-off sentiment make US commodities pricier for importers, and the drop in yields also reduces Fed tightening expectations, which pressures the dollar index.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2021-07-19 | 5 | -10.4% | -3.2 | Delta-driven risk aversion and a stronger dollar pressured dollar-denominated crude. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |
| DXY | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | -0.7% | -0.2% |
| DXY | 2022-09-26 | [Rupee seen at record low as dollar, U.S. yields surge; RBI eyed \| Financial Post](https://feedsoft.ai/events/39854-rupee-seen-at-record-low-as-dollar-u-s-yields-surge-rbi-eyed-financial-post.md) | +0.2% | +0.6% |
| DXY | 2022-09-13 | [Latam FX slump as hot U.S. inflation sends dollar soaring \| Financial Post](https://feedsoft.ai/events/39796-latam-fx-slump-as-hot-u-s-inflation-sends-dollar-soaring-financial-post.md) | +1.4% | +3.5% |
| DXY | 2021-09-28 | [Canadian dollar retreats from 3-week high as bond yields climb \| Financial Post](https://feedsoft.ai/events/45281-canadian-dollar-retreats-from-3-week-high-as-bond-yields-climb-financial-post.md) | +0.5% | -0.1% |
| WTI | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | +3.9% | +10.1% |
| WTI | 2020-06-11 | [Canadian dollar slides as investor risk appetite wanes \| Financial Post](https://feedsoft.ai/events/52864-canadian-dollar-slides-as-investor-risk-appetite-wanes-financial-post.md) | -4.1% | +0.2% |
| WTI | 2020-06-24 | [C$ dips as pickup in coronavirus cases weighs on sentiment \| Financial Post](https://feedsoft.ai/events/52860-c-dips-as-pickup-in-coronavirus-cases-weighs-on-sentiment-financial-post.md) | -2.8% | +3.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-dollar-yen-climb-as-delta-variant-crushes-risk-sentiment

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