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Asian currencies and equities gained on March 30 after Russia and Ukraine negotiators met in Istanbul, and Moscow promised to scale back military action around Kyiv. The Bank of Thailand kept its key rate unchanged and cut its 2022 growth outlook while expecting inflation above target.
Reduced geopolitical risk lowers safe-haven demand for the dollar, which supports emerging-market currencies and eases pressure on regional feed import costs.
brecorder.comReutersMar 31, 2022Not enough comparable past events yet for a historical read.
After 33 past bearish geopolitics events, US Dollar (Broad) moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% 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.
