# Higher-risk currencies soar on Biden win, successful COVID19 vaccine

> Higher-risk currencies rallied after Biden's election win and vaccine progress, with Republicans likely retaining the Senate. Lower expectations for large US fiscal stimulus pushed bond yields down.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50333-higher-risk-currencies-soar-on-biden-win-successful-covid19-vaccine
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker dollar sentiment and risk-on flows support commodity prices broadly, though the fiscal outlook has been trimmed.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-30 | [Ringgit closes higher against major currencies \| The Star](https://feedsoft.ai/events/24461-ringgit-closes-higher-against-major-currencies-the-star.md) | -0.0% | +0.8% |
| DXY | 2017-09-07 | [Euro soars higher as ECB's Draghi comments on currency's strength](https://feedsoft.ai/events/69156-euro-soars-higher-as-ecb-s-draghi-comments-on-currency-s-strength.md) | +0.2% | +1.6% |
| DXY | 2017-07-27 | [Dovish Fed Spurs Commodity Prices and Currencies Higher - ActionForex](https://feedsoft.ai/events/69898-dovish-fed-spurs-commodity-prices-and-currencies-higher-actionforex.md) | -0.6% | -0.5% |
| DXY | 2022-12-28 | [Southeast Asian Currencies End the Year on a High Note – The Diplomat](https://feedsoft.ai/events/38475-southeast-asian-currencies-end-the-year-on-a-high-note-the-diplomat.md) | -0.2% | -2.2% |
| DXY | 2017-07-21 | [BOT:Stronger Thai baht is in line with regional currencies](https://feedsoft.ai/events/70246-bot-stronger-thai-baht-is-in-line-with-regional-currencies.md) | -0.0% | -0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/higher-risk-currencies-soar-on-biden-win-successful-covid19-vaccine-idUSL1N2HV13V/

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