# Safe-haven dollar looks to end week strong as market jitters persist - Markets - Business Recorder

> The dollar edged higher on Friday and was heading for a weekly gain of 0.6%, with the dollar index at 90.757. Safe-haven demand rose after worries that President Biden's fiscal package might be smaller than the proposed $1.9 trillion. COVID-19 vaccine rollout problems in Europe added to the caution.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/49396-safe-haven-dollar-looks-to-end-week-strong-as-market-jitters-persist-markets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Safe-haven dollar buying tends to lift the dollar against foreign currencies, which can weigh on dollar-priced commodity prices and make US exports less competitive. The size of US fiscal spending also affects expectations for US rates and the dollar.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-18 | [China's yuan weakens to one-week low on strong dollar, Fed hike bets weigh - Markets - Business Recorder](https://feedsoft.ai/events/8413-china-s-yuan-weakens-to-one-week-low-on-strong-dollar-fed-hike-bets-weigh.md) | +1.4% | +1.0% |
| DXY | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | +1.5% | +1.0% |
| DXY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.2% | +0.4% |
| DXY | 2022-06-13 | [China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder](https://feedsoft.ai/events/41171-china-s-yuan-slips-to-2-week-low-as-dollar-jumps-on-inflation-data-markets.md) | +1.0% | +2.9% |
| DXY | 2021-03-30 | [Canadian dollar slips as hedge fund jitters underpin the greenback - Markets - Business Recorder](https://feedsoft.ai/events/48365-canadian-dollar-slips-as-hedge-fund-jitters-underpin-the-greenback-markets.md) | -0.5% | -1.9% |
| EURUSD | 2022-06-30 | [Euro under pressure as inflation fears send investors to dollar haven - Markets - Business Recorder](https://feedsoft.ai/events/41161-euro-under-pressure-as-inflation-fears-send-investors-to-dollar-haven-markets.md) | -3.0% | -3.0% |
| EURUSD | 2022-07-28 | [Dollar rebounds as traders wrestle with US rate view - Markets - Business Recorder](https://feedsoft.ai/events/40680-dollar-rebounds-as-traders-wrestle-with-us-rate-view-markets-business-recorder.md) | +0.4% | -1.4% |
| EURUSD | 2021-10-28 | [Euro drops ahead of ECB meeting, yen looks past BOJ doves - Markets - Business Recorder](https://feedsoft.ai/events/7161-euro-drops-ahead-of-ecb-meeting-yen-looks-past-boj-doves-markets-business.md) | -0.1% | -2.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40057617

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