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Asian currencies and stocks fell as escalating Russia-Ukraine tensions battered risk sentiment and pushed investors toward safe-haven assets. The South Korean won weakened in early trading before paring some losses.
Risk-off flows strengthen the dollar and weaken higher-beta Asian currencies, which raises the local-currency cost of imported feed ingredients and energy for buyers in the region.
reuters.comSavyata MishraFeb 22, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 948 past geopolitics events, Crude Oil (WTI) moved a median +0.6% over 5 sessions (53% higher; middle half -3.7% to +5.8%), and -0.1% over 20.
After 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.
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.
