# The Weekly Wrap – Reinflation Fears Overshadowed Economic Data to Drive Dollar Demand | FXEmpire

> 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%.

- Date: 2021-02-27 · published 2021-02-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/9594-the-weekly-wrap-reinflation-fears-overshadowed-economic-data-to-drive-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-28 | [US dollar advances on month-end demand; focus on economic data](https://feedsoft.ai/events/28982-us-dollar-advances-on-month-end-demand-focus-on-economic-data.md) | +0.5% | -0.3% |
| DXY | 2018-06-22 | [Dollar driven by rate outlook rather than trade fears \| Capital Economics](https://feedsoft.ai/events/64753-dollar-driven-by-rate-outlook-rather-than-trade-fears-capital-economics.md) | +0.2% | -0.3% |
| DXY | 2024-10-29 | [Dollar peaks against yen ahead of US election and economic data \| Reuters](https://feedsoft.ai/events/28079-dollar-peaks-against-yen-ahead-of-us-election-and-economic-data-reuters.md) | -0.2% | +2.1% |
| DXY | 2021-10-29 | [Gold hits over one-week low as dollar rallies on inflation data](https://feedsoft.ai/events/44435-gold-hits-over-one-week-low-as-dollar-rallies-on-inflation-data.md) | +0.8% | +2.8% |
| DXY | 2018-04-30 | [Euro-Dollar Exchange Rates To Face German Inflation, FED And US Jobs This Week \| Exchange Rates UK](https://feedsoft.ai/events/65728-euro-dollar-exchange-rates-to-face-german-inflation-fed-and-us-jobs-this-week.md) | +1.0% | +2.2% |

## Sources

- fxempire.com: https://www.fxempire.com/news/article/the-weekly-wrap-reinflation-fears-overshadowed-economic-data-to-drive-dollar-demand-703286

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