# Euro tries to recover after tumbling on Russian invasion of Ukraine - Markets - Business Recorder

> The euro fell to its lowest level since May 2020 after Russia's full-scale invasion of Ukraine, with a touch as low as $1.1106. The rouble hit a record low, and the US responded with sanctions on Russian banks and state-owned enterprises.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: geopolitics · region Ukraine · magnitude high
- Page: https://feedsoft.ai/events/9837-euro-tries-to-recover-after-tumbling-on-russian-invasion-of-ukraine-markets
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Sanctions and the flight to the dollar strengthen the greenback and pressure euro-linked commodity prices. Disruption to Black Sea exports is a supply risk for grain and meal markets.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-24 | 1 | -1.4% | -3.5 | Recaps the euro's drop to $1.1106 after the full-scale invasion and the sanctions response; it is dated a day later but describes the same move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| EURUSD | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | -0.9% | -1.3% |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| 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 | 2022-01-25 | [Euro falls to one-month low as Ukraine tensions simmer - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.](https://feedsoft.ai/events/43347-euro-falls-to-one-month-low-as-ukraine-tensions-simmer-sabc-news-breaking-news.md) | -0.9% | +0.3% |
| DXY | 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) | +1.0% | +1.2% |
| DXY | 2022-02-25 | [Dollar surges as Russia invades Ukraine - Business & Finance - Business Recorder](https://feedsoft.ai/events/6985-dollar-surges-as-russia-invades-ukraine-business-and-finance-business-recorder.md) | +0.0% | +0.0% |
| DXY | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | +0.0% | +0.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40157091

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