# U.S. dollar reaches six-week high on weaker euro, Swiss franc and yen

> The US dollar index hit a six-week high of about 90.96 on weakness in the euro, Swiss franc and yen, as the US was seen as having an edge in economic recovery and vaccinations. Oil and silver rose on falling US crude inventories and a major Northeast snowstorm.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/48877-u-s-dollar-reaches-six-week-high-on-weaker-euro-swiss-franc-and-yen
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A firmer dollar typically pressures dollar-denominated commodity prices, while the oil rally adds energy-cost support that can feed into biofuel and freight economics.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-16 | [Dollar hits 5-month high against euro; yen weakest since 1990](https://feedsoft.ai/events/30942-dollar-hits-5-month-high-against-euro-yen-weakest-since-1990.md) | +0.5% | -0.3% |
| DXY | 2023-07-01 | [Dollar index hits two-week high after data; yen remains soft](https://feedsoft.ai/events/35681-dollar-index-hits-two-week-high-after-data-yen-remains-soft.md) | -0.3% | -1.3% |
| 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 | 2026-05-22 | [Dollar near six-week high amid Iran war jitters By Reuters](https://feedsoft.ai/events/19467-dollar-near-six-week-high-amid-iran-war-jitters-by-reuters.md) | -0.4% | +1.0% |
| 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% |
| WTI | 2016-12-12 | [Canadian dollar posts fresh seven-week high as oil climbs \| Reuters](https://feedsoft.ai/events/73701-canadian-dollar-posts-fresh-seven-week-high-as-oil-climbs-reuters.md) | +0.8% | -1.3% |
| WTI | 2023-12-14 | [U.S. crude oil rises 3% on weaker dollar, slightly improved 2024 demand outlook](https://feedsoft.ai/events/32887-u-s-crude-oil-rises-3-on-weaker-dollar-slightly-improved-2024-demand-outlook.md) | +6.9% | +5.3% |
| WTI | 2021-05-12 | [Canadian dollar notches 6-year high as U.S. inflation jumps](https://feedsoft.ai/events/47331-canadian-dollar-notches-6-year-high-as-u-s-inflation-jumps.md) | +0.3% | +7.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/02/01/forex-markets-dollar-us-politics-coronavirus.html

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