# Dollar Strength Builds as Ukraine War Deepens - WSJ

> 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.

- Date: 2022-03-06 · published 2022-03-06T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12079-dollar-strength-builds-as-ukraine-war-deepens-wsj
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-03-07 | 5 | +1.8% | 3.1 | 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. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-03-02 | [Euro Declines on Dollar Strength](https://feedsoft.ai/events/11007-euro-declines-on-dollar-strength.md) | +1.4% | +2.6% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | +1.2% | +0.2% |
| DXY | 2022-02-25 | [Dollar surges as Russia invades Ukraine - Business & Finance - Business Recorder](https://feedsoft.ai/events/6985-dollar-surges-as-russia-invades-ukraine-business-and-finance-business-recorder.md) | +0.0% | +0.0% |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, yuan holds firm \| Financial Post](https://feedsoft.ai/events/6266-ukraine-tensions-lift-dollar-yuan-holds-firm-financial-post.md) | +1.2% | +0.2% |
| DXY | 2022-03-04 | [U.S. Dollar Index soars to highest since 2020, while euro is under pressure as Russia-Ukraine conflict deepens - MarketWatch](https://feedsoft.ai/events/12078-u-s-dollar-index-soars-to-highest-since-2020-while-euro-is-under-pressure-as.md) | +0.7% | -0.6% |

## Sources

- wsj.com: https://www.wsj.com/finance/currencies/dollar-strength-builds-as-ukraine-war-deepens-11646575604?mod=hp_lead_pos2

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