# Dollar dented as data disappoints; yen catches a safety bid

> The dollar fell broadly after a flash PMI showed US services activity contracting to 49.4, the lowest since 2013. The euro gained 0.68% as euro zone business activity beat expectations, and the yen pulled back from a 10-month low.

- Date: 2020-02-21 · published 2020-02-21T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/54817-dollar-dented-as-data-disappoints-yen-catches-a-safety-bid
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker dollar on soft US data supports dollar-denominated commodity prices, while weak US activity points to softer demand outlook.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-06-21 | [Dollar dips as Powell testimony disappoints hawks](https://feedsoft.ai/events/35760-dollar-dips-as-powell-testimony-disappoints-hawks.md) | -0.0% | -1.3% |
| DXY | 2025-11-25 | [US dollar weakens as data backs Fed rate cut view; yen watch continues](https://feedsoft.ai/events/22145-us-dollar-weakens-as-data-backs-fed-rate-cut-view-yen-watch-continues.md) | -0.6% | -1.8% |
| DXY | 2024-08-05 | [Dollar down as US rate cut bets rise, yen surges](https://feedsoft.ai/events/7431-dollar-down-as-us-rate-cut-bets-rise-yen-surges.md) | -0.4% | -0.9% |
| DXY | 2021-07-30 | [Dollar at 1-month low after Fed knock; US data disappoints - Business & Finance - Business Recorder](https://feedsoft.ai/events/46246-dollar-at-1-month-low-after-fed-knock-us-data-disappoints-business-and-finance.md) | +0.3% | +1.2% |
| DXY | 2022-12-01 | [Dollar down as Fed minutes, U.S. data weighs](https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs.md) | -0.6% | -1.5% |
| EURUSD | 2022-12-01 | [Dollar down as Fed minutes, U.S. data weighs](https://feedsoft.ai/events/38841-dollar-down-as-fed-minutes-u-s-data-weighs.md) | +1.8% | +3.3% |
| EURUSD | 2026-01-25 | [Dollar slips across the board as intervention risk lifts yen \| Reuters](https://feedsoft.ai/events/10160-dollar-slips-across-the-board-as-intervention-risk-lifts-yen-reuters.md) | +1.0% | +0.3% |
| EURUSD | 2024-10-31 | [Dollar Consolidates, Yen Gains After BOJ Decision](https://feedsoft.ai/events/28112-dollar-consolidates-yen-gains-after-boj-decision.md) | -1.2% | -2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/21/forex-markets-asian-currencies-coronavirus-in-focus.html

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