# Dollar drops to one-week low as inflation fears fade; ECB in focus | Financial Post

> The dollar index fell to its lowest level in a week after softer US consumer price data eased inflation fears. World shares rose to multi-week highs and Treasury yields eased from a recent spike. Attention then turned to the ECB policy meeting.

- Date: 2021-03-11 · published 2021-03-11T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US yields and reduced inflation worries weaken the dollar and bring a mild risk-on tone to markets. A softer dollar can modestly support dollar-priced commodity demand.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-07-12 | [US dollar stumbles, drops to more than one-year low as inflation eases in June](https://feedsoft.ai/events/9977-us-dollar-stumbles-drops-to-more-than-one-year-low-as-inflation-eases-in-june.md) | -1.4% | +0.8% |
| DXY | 2023-04-11 | [Latam FX at 5-year high as dollar dips ahead of U.S. inflation data \| Financial Post](https://feedsoft.ai/events/36626-latam-fx-at-5-year-high-as-dollar-dips-ahead-of-u-s-inflation-data-financial.md) | -0.4% | -1.0% |
| DXY | 2023-07-10 | [US dollar drops to three-week low as Fed rate hikes nearly done](https://feedsoft.ai/events/9980-us-dollar-drops-to-three-week-low-as-fed-rate-hikes-nearly-done.md) | -1.7% | -0.2% |
| DXY | 2022-10-26 | [US dollar drops to three-week low as traders weigh a Fed pivot - Moneyweb](https://feedsoft.ai/events/39327-us-dollar-drops-to-three-week-low-as-traders-weigh-a-fed-pivot-moneyweb.md) | +0.0% | -2.8% |
| DXY | 2024-08-29 | [USD/CAD drops to near 1.3460 as US Dollar edges lower ahead of inflation test — Octa](https://feedsoft.ai/events/29036-usd-cad-drops-to-near-1-3460-as-us-dollar-edges-lower-ahead-of-inflation-test.md) | +0.5% | -0.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus

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