# Dollar at 3-1/2-month high on firmer yields, U.S. growth | Reuters

> The U.S. dollar hit a 3-1/2-month high against a basket of currencies on March 8 on expectations of strong U.S. growth and rising inflation. Higher Treasury yields also boosted the greenback's safe-haven appeal, and the dollar had rebounded about 2.5% year-to-date after falling in late 2020.

- Date: 2021-03-08 · published 2021-03-08T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48311-dollar-at-3-1-2-month-high-on-firmer-yields-u-s-growth-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar makes dollar-priced grains, oilseeds and feed ingredients more expensive for non-U.S. buyers, which can weigh on export demand and prices.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-02-26 | [Dollar firms after U.S. yield spike, hits six-month high versus yen \| Reuters](https://feedsoft.ai/events/10595-dollar-firms-after-u-s-yield-spike-hits-six-month-high-versus-yen-reuters.md) | +0.7% | +1.9% |
| DXY | 2018-06-13 | [Dollar mostly firmer as Fed sees more U.S. rate hikes \| Reuters](https://feedsoft.ai/events/64708-dollar-mostly-firmer-as-fed-sees-more-u-s-rate-hikes-reuters.md) | +1.3% | +0.6% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2026-06-23 | [Dollar climbs to 13-month high on Fed hike bets, safe-haven bid \| Reuters](https://feedsoft.ai/events/11987-dollar-climbs-to-13-month-high-on-fed-hike-bets-safe-haven-bid-reuters.md) | +0.3% | +0.0% |
| DXY | 2021-11-11 | [Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks \| Reuters](https://feedsoft.ai/events/11949-dollar-rockets-to-16-month-highs-after-hot-u-s-inflation-euro-sinks-reuters.md) | +0.8% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/world/asia-pacific/dollar-3-12-month-high-firmer-yields-us-growth-2021-03-08/

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