# Dollar strengthens, set for best week since the financial crisis

> The dollar strengthened on 20 March and was on track for its biggest weekly gain since the 2008 financial crisis, with the index at about 102.82. The Australian dollar jumped 3.4% and sterling rose 3.3% from a 35-year low, though analysts said the rout was not over. Coordinated central bank rate cuts and fund injections had not calmed markets.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6277-dollar-strengthens-set-for-best-week-since-the-financial-crisis
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

The sharp dollar rally this week pressures dollar-priced grain and oilseed values and raises costs for non-US importers, although the partial rebound in other currencies may limit the effect.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bullish ▲
- EURUSD: bullish ▲
- GBPUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2025-09-27 | [Dollar set for second straight week of gains - Business & Finance - Business Recorder](https://feedsoft.ai/events/23096-dollar-set-for-second-straight-week-of-gains-business-and-finance-business.md) | -0.3% | +0.3% |
| DXY | 2022-01-28 | [Dollar set for sparkling week as hike expectations surge \| Financial Post](https://feedsoft.ai/events/12226-dollar-set-for-sparkling-week-as-hike-expectations-surge-financial-post.md) | -0.9% | -0.6% |
| DXY | 2018-04-27 | [Dollar set for best weekly gain since Nov 2016 on yield bets - The HinduBusinessLine](https://feedsoft.ai/events/65734-dollar-set-for-best-weekly-gain-since-nov-2016-on-yield-bets-the.md) | +0.7% | +1.9% |
| DXY | 2021-12-30 | [Dollar on track for best year since 2015](https://feedsoft.ai/events/43836-dollar-on-track-for-best-year-since-2015.md) | +0.0% | +0.6% |
| EURUSD | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | -0.1% | -2.6% |
| EURUSD | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +1.7% | +3.6% |
| EURUSD | 2018-01-29 | [G10 FX Week Ahead: State of the dollar \| ING THINK](https://feedsoft.ai/events/67209-g10-fx-week-ahead-state-of-the-dollar-ing-think.md) | +0.2% | -1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/03/20/forex-markets-us-dollar-in-focus.html

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