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The ICE U.S. Dollar Index surged as high as 98.92 in the week of March 6, 2022, its highest level since May 2020, as escalating Russia-Ukraine fighting sent investors to safer assets. The index finished the week up 2.1%, one of its largest weekly gains in five years.
The large weekly dollar gain tightens financial conditions for importers and can weigh on dollar-priced commodities. A stronger dollar also makes U.S. feed ingredients less competitive abroad.
wsj.comCaitlin McCabeMar 6, 2022After 89 past bullish geopolitics events, US Dollar (Broad) moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% 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.
Directly describes the dollar index surging to its highest since May 2020 over the week ending March 6, with a ~2.1% weekly gain, matching the 5-day window move via safe-haven demand.
