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The ringgit closed weaker against the US dollar on February 24, 2022, at 4.2030/2080 versus 4.1830/1860 the previous day. Analysts cited concerns over Russia's military action against Ukraine, with Brent crude above US$100 and the US Dollar Index at 96.694.
Safe-haven dollar demand from the Ukraine invasion lifts USD against emerging-market currencies, raising the local-currency cost of dollar-priced feed imports.
malaymail.comFeb 24, 2022Not enough comparable past events yet for a historical read.
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.
