# EUR/USD meets some support near 1.1200, looks to geopolitics: Analytics and Market news from 24 February 2022 10:06

> EUR/USD fell below 1.1200 to monthly lows as risk-off sentiment picked up after Russia launched its invasion of Ukraine. US 10-year yields dropped below 1.90% and German 10-year Bund yields fell below 0.15%.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Ukraine · magnitude medium
- Page: https://feedsoft.ai/events/9838-eur-usd-meets-some-support-near-1-1200-looks-to-geopolitics-analytics-and
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven demand for the dollar and bonds signals a stronger dollar and lower yields, which lowers the cost of holding dollar-priced commodities and reduces feed input costs for importers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-02-24 | 1 | -1.4% | -3.5 | Intraday note on EUR/USD breaking below 1.1200 on risk-off sentiment and lower Bund yields after the invasion began, showing the sentiment and rate mechanism. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-04-26 | [Bleeding euro falls to 2-year low \| MarketPulse by OANDA Group](https://feedsoft.ai/events/8290-bleeding-euro-falls-to-2-year-low-marketpulse-by-oanda-group.md) | -1.7% | -0.3% |
| EURUSD | 2022-02-24 | [Euro (EUR USD) Falls to Weakest Since 2020 as Greenback Surges - Bloomberg](https://feedsoft.ai/events/6981-euro-eur-usd-falls-to-weakest-since-2020-as-greenback-surges-bloomberg.md) | -1.9% | -2.8% |
| EURUSD | 2022-07-07 | [With US dollar nearly equal to euro, impact is being felt \| AP News](https://feedsoft.ai/events/10288-with-us-dollar-nearly-equal-to-euro-impact-is-being-felt-ap-news.md) | -0.9% | -0.3% |
| EURUSD | 2022-04-28 | [New 5-year Lows for EUR/USD Rate, More Losses on Energy Risks Possible says MUFG](https://feedsoft.ai/events/8289-new-5-year-lows-for-eur-usd-rate-more-losses-on-energy-risks-possible-says-mufg.md) | -0.1% | +1.0% |
| DXY | 2022-02-22 | [US Dollar Index advances to multi-day highs near 96.30 on geopolitics: Analytics and Market news from 22 February 2022 06:43](https://feedsoft.ai/events/6986-us-dollar-index-advances-to-multi-day-highs-near-96-30-on-geopolitics-analytics.md) | +0.4% | +1.0% |
| 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% |
| DXY | 2024-01-08 | [ECOPETROL SA \| Emerging Markets: Latam FX down as geopolitical jitters trigger risk-aversion](https://feedsoft.ai/events/32417-ecopetrol-sa-emerging-markets-latam-fx-down-as-geopolitical-jitters-trigger.md) | +0.1% | +1.6% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3731226

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