# Dollar jumps as stocks tumble; rising COVID-19 cases dent risk appetite

> The dollar index jumped on Monday as riskier currencies fell and stock markets worldwide dropped on fears that rising COVID-19 cases would bring new lockdowns. Investors also worried that the U.S. Congress might fail to agree on more fiscal stimulus.

- Date: 2020-09-21 · published 2020-09-21T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/7694-dollar-jumps-as-stocks-tumble-rising-covid-19-cases-dent-risk-appetite
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A risk-off safe-haven bid lifts the dollar and pressures commodity-linked currencies, which can weigh on dollar-priced agricultural and energy markets.

## Read by commodity

- DXY: bullish ▲
- AUDUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2020-09-21 | 1 | +1.0% | 4.1 | Dated the move day (Monday 2020-09-21), it describes the dollar index jumping as COVID-19 lockdown fears and stimulus doubts hit risk appetite, a safe-haven demand mechanism that matches the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-12 | [Stocks tumble, dollar rallies as US inflation heats up](https://feedsoft.ai/events/26226-stocks-tumble-dollar-rallies-as-us-inflation-heats-up.md) | -0.5% | -2.0% |
| DXY | 2018-06-28 | [Dollar gains vs yen as risk appetite improves](https://feedsoft.ai/events/64806-dollar-gains-vs-yen-as-risk-appetite-improves.md) | -0.8% | -0.9% |
| DXY | 2020-09-22 | [Dollar rises on hawkish comments; stocks end up](https://feedsoft.ai/events/7693-dollar-rises-on-hawkish-comments-stocks-end-up.md) | +1.1% | -1.0% |
| DXY | 2020-03-17 | [COVID-19 and the US dollar](https://feedsoft.ai/events/54308-covid-19-and-the-us-dollar.md) | +4.3% | +1.3% |
| DXY | 2025-01-10 | [Rand Tumbles Above 19 as Dollar Strengthens on US Jobs Data](https://feedsoft.ai/events/26805-rand-tumbles-above-19-as-dollar-strengthens-on-us-jobs-data.md) | +0.1% | -0.7% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/09/21/forex-markets-dollar-japanese-yen-federal-reserve.html

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