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Global stocks fell on inflation fears as U.S. government bond yields held near one-year highs. The dollar index rose 0.68% while the euro fell 0.9% to $1.2066 and the yen weakened to 106.55 per dollar.
A stronger dollar and higher yields tighten financial conditions and tend to pressure dollar-priced commodities. Feed buyers may see modest downward pressure on import-currency costs for some origins.
reuters.comTom Arnold, Herbert LashFeb 26, 2021After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Quantifies the dollar index rise of 0.68% on Feb 26 with the euro down 0.9% as inflation fears pushed yields higher.
Global risk-off on inflation fears and high U.S. yields lifted the dollar index 0.68% and pushed the euro down about 0.9% to 1.2066.
