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The euro edged lower to $1.1118 on caution over Ukraine and limited progress in peace talks, after hitting $1.1184, its highest since March 1. The Norwegian crown fell sharply after its central bank bought foreign currency.
The rouble was down 3% against the dollar at 78.55, and the dollar index rose 0.2% to 98.074.
A firmer dollar index makes dollar-priced feed commodities relatively more expensive for European buyers, while Russian rouble moves reflect sanctions and trade flows. Currency noise of this size has little direct effect on feed prices.
globalbankingandfinance.comWanda RichMar 31, 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.
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.
