# Ukraine tensions lift dollar, yuan holds firm | Financial Post

> The dollar rose to a two-week high against a basket of currencies as Russia-West tensions over Ukraine lifted safe-haven demand. The euro fell to $1.1298 and the yen was little changed at 113.56 per dollar, while markets priced in a Federal Reserve tightening bias.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: geopolitics · region Eastern Europe · magnitude medium
- Page: https://feedsoft.ai/events/6266-ukraine-tensions-lift-dollar-yuan-holds-firm-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Geopolitical risk over potential Russian energy supply disruptions to Europe could raise energy prices and affect Black Sea grain flows. A stronger dollar also tends to pressure dollar-denominated commodity prices.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | +1.2% | +0.2% |
| DXY | 2026-03-12 | [Yuan Slips As Middle East Tensions Keep The Dollar On Top - Finimize](https://feedsoft.ai/events/11680-yuan-slips-as-middle-east-tensions-keep-the-dollar-on-top-finimize.md) | +0.5% | -0.2% |
| DXY | 2021-07-19 | [Canadian dollar falls by most in 13 months on rising risk aversion \| Financial Post](https://feedsoft.ai/events/46275-canadian-dollar-falls-by-most-in-13-months-on-rising-risk-aversion-financial.md) | +0.4% | +0.0% |
| DXY | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +1.2% | +0.5% |
| DXY | 2022-03-06 | [Dollar Strength Builds as Ukraine War Deepens - WSJ](https://feedsoft.ai/events/12079-dollar-strength-builds-as-ukraine-war-deepens-wsj.md) | +0.3% | -1.0% |
| EURUSD | 2022-01-24 | [Ukraine tensions lift dollar, send euro lower](https://feedsoft.ai/events/6267-ukraine-tensions-lift-dollar-send-euro-lower.md) | -1.6% | -0.2% |
| EURUSD | 2022-02-24 | [Investors flock to the dollar as G-10 currencies plummet following Ukraine invasion \| Fortune](https://feedsoft.ai/events/6982-investors-flock-to-the-dollar-as-g-10-currencies-plummet-following-ukraine.md) | -1.9% | -2.8% |
| EURUSD | 2022-03-04 | [Ukraine war sends euro below $1.10 for first time in two years](https://feedsoft.ai/events/8256-ukraine-war-sends-euro-below-1-10-for-first-time-in-two-years.md) | -0.4% | +0.4% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/ukraine-tensions-lift-dollar-yuan-holds-firm-3

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.