# Dollar rises again as markets adjust to vaccine hope and higher yields

> The US dollar rose on Wednesday as markets adjusted to vaccine hopes and higher Treasury yields, with the 10-year yield rising to 0.972% from 0.82%. The dollar gained about 0.5% against a basket of currencies, and the euro hit a one-week low.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/50382-dollar-rises-again-as-markets-adjust-to-vaccine-hope-and-higher-yields
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar on higher US yields tends to weigh on dollar-denominated commodity prices, while the shift away from safe-haven flows is a macro factor for grain and oilseed markets.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-05-09 | [U.S. dollar touches 20-year high as markets shun risk](https://feedsoft.ai/events/41620-u-s-dollar-touches-20-year-high-as-markets-shun-risk.md) | +0.8% | -1.3% |
| DXY | 2021-10-18 | [Dollar resumes upward March on higher yields; yen falls again \| Financial Post](https://feedsoft.ai/events/44796-dollar-resumes-upward-march-on-higher-yields-yen-falls-again-financial-post.md) | -0.4% | +0.4% |
| DXY | 2021-09-28 | [Dollar hits 10-1/2-month high as Treasury yields surge - Markets - Business Recorder](https://feedsoft.ai/events/45256-dollar-hits-10-1-2-month-high-as-treasury-yields-surge-markets-business-recorder.md) | +0.5% | -0.1% |
| DXY | 2024-06-07 | [Dollar rises to highest in a month - Moneyweb](https://feedsoft.ai/events/8476-dollar-rises-to-highest-in-a-month-moneyweb.md) | +1.4% | +0.8% |
| DXY | 2021-10-11 | [Forex markets: Dollar hits more than 2-year high against yen](https://feedsoft.ai/events/44794-forex-markets-dollar-hits-more-than-2-year-high-against-yen.md) | -0.5% | -0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/11/11/forex-markets-dollar-reserve-bank-of-new-zealand.html

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