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The U.S. dollar strengthened on safe-haven flows while the euro weakened as investors weighed a hawkish Fed and awaited new U.S. sanctions on Russia. Oil and natural gas prices rose again, and the EUR/USD pair traded near 1.10.
Safe-haven dollar strength combined with energy-driven risk can pressure dollar-priced commodities, though higher energy costs support feed input and freight prices.
reuters.comSaqib Iqbal AhmedMar 11, 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.
After 36 past bearish geopolitics events, Euro (USD per EUR) moved a median -1.0% over 5 sessions (22% higher; middle half -1.8% to -0.3%), and -0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% 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.
