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The Japanese yen fell slightly against the dollar on Friday but gained over the week as investors stayed on edge over the Ukraine-Russia crisis. Russian-backed separatists said they would evacuate residents to Russia, and US Secretary of State Blinken agreed to meet Russian Foreign Minister Lavrov.
Safe-haven flows dominated currency trading.
Safe-haven currency swings tied to Ukraine tensions reflect rising geopolitical risk to grain and energy supply, which can lift feed commodity prices. Currency moves also affect the dollar cost of imports for buyers abroad.
brecorder.comReutersFeb 18, 2022Not enough comparable past events yet for a historical read.
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.
