Loading…
The Dollar Spot Index rose 0.57% to 90.879 in the week ending February 26 as reinflation fears drove demand for the greenback. Commodity currencies and equities fell, and U.S. data showed jobless claims falling to 730k and a 4Q GDP upward revision to 4.1%.
Reinflation fears and a stronger dollar pressure dollar-priced commodities and commodity currencies. Stronger U.S. growth data supports the case for firm U.S. demand for feed inputs.
fxempire.comBob MasonFeb 27, 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.
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.
