# From euro to EM: Russia's Ukraine war upends market bets | Reuters

> Russia's invasion of Ukraine has upended several popular trades. Investors bullish on European stocks and the euro, and those bearish on the yen and government debt, took heavy losses.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: geopolitics · region Ukraine · magnitude medium
- Page: https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off flows out of the euro and European assets strengthen the dollar, which lowers dollar-denominated commodity prices and raises import costs for euro-area feed buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-02-25 | [Euro tries to recover after tumbling on Russian invasion of Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9837-euro-tries-to-recover-after-tumbling-on-russian-invasion-of-ukraine-markets.md) | -0.9% | -1.3% |
| EURUSD | 2022-03-05 | [Russia-Ukraine turmoil triggers market stress alarms](https://feedsoft.ai/events/8261-russia-ukraine-turmoil-triggers-market-stress-alarms.md) | +0.2% | +1.2% |
| 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% |
| EURUSD | 2026-03-02 | [European markets hurting as Iran war widens \| Reuters](https://feedsoft.ai/events/11002-european-markets-hurting-as-iran-war-widens-reuters.md) | -1.8% | -2.6% |
| EURUSD | 2022-02-24 | [Euro hits three-week low, Aussie skids as Putin orders troops into Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9835-euro-hits-three-week-low-aussie-skids-as-putin-orders-troops-into-ukraine.md) | -1.9% | -2.8% |
| DXY | 2022-02-25 | [Euro tries to recover after tumbling on Russian invasion of Ukraine - Markets - Business Recorder](https://feedsoft.ai/events/9837-euro-tries-to-recover-after-tumbling-on-russian-invasion-of-ukraine-markets.md) | +0.0% | +0.0% |
| DXY | 2022-03-05 | [Russia-Ukraine turmoil triggers market stress alarms](https://feedsoft.ai/events/8261-russia-ukraine-turmoil-triggers-market-stress-alarms.md) | +0.3% | -1.0% |
| DXY | 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) | +0.7% | -0.6% |

## Sources

- reuters.com: https://www.reuters.com/business/finance/global-markets-graphic-pix-2022-02-25/

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