# Metals smashed as dollar strengthens

> Metals and oil fell sharply on February 28 as a bond market rout pushed the US dollar higher and triggered selling across risky asset classes. ANZ Research said moves in bond markets were reverberating across all asset classes.

- Date: 2021-02-28 · published 2021-02-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48548-metals-smashed-as-dollar-strengthens
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A jump in the dollar and risk-off selling pressure dollar-denominated commodities, which points to weaker feed input prices in the short run.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-12-19 | [Dollar strengthens as market digests Fed's hawkish cut](https://feedsoft.ai/events/27136-dollar-strengthens-as-market-digests-fed-s-hawkish-cut.md) | +0.5% | +1.4% |
| DXY | 2018-05-01 | [Strong US dollar derails metals](https://feedsoft.ai/events/64949-strong-us-dollar-derails-metals.md) | +1.1% | +2.6% |
| DXY | 2018-11-09 | [Gold edges down as Fed's interest rate view strengthens dollar](https://feedsoft.ai/events/61963-gold-edges-down-as-fed-s-interest-rate-view-strengthens-dollar.md) | +0.2% | +1.0% |
| DXY | 2025-11-17 | [Dollar strengthens as traders await return of U.S. data \| Reuters](https://feedsoft.ai/events/22148-dollar-strengthens-as-traders-await-return-of-u-s-data-reuters.md) | +0.7% | -0.8% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| WTI | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -7.0% | -7.1% |
| WTI | 2019-01-29 | [How the rupee strengthened against the U.S. dollar - The Hindu](https://feedsoft.ai/events/61356-how-the-rupee-strengthened-against-the-u-s-dollar-the-hindu.md) | +5.2% | +6.8% |
| WTI | 2020-12-01 | [Canadian dollar strengthens as economy grows at a record pace - The Globe and Mail](https://feedsoft.ai/events/49874-canadian-dollar-strengthens-as-economy-grows-at-a-record-pace-the-globe-and-mail.md) | +1.1% | +5.9% |

## Sources

- miningnews.net: https://www.miningnews.net/capital-markets/news/1405581/metals-smashed-dollar-strengthens

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