
Market liquidity weakened during the week and deteriorated overnight amid Russia-Ukraine turmoil. The dollar index rose nearly 1%, mainly at the expense of the euro, which fell about 3% that week.
The decline was attributed to Europe's exposure to the Russian economy.
Market stress and a stronger dollar create currency-driven swings in dollar-priced feed commodities, with the effect on import costs for European buyers depending on how long the strain lasts.
Setelah 89 peristiwa geopolitik bullish sebelumnya, Dolar AS (Luas) bergerak median +0,5% selama 5 sesi (74% lebih tinggi; separuh tengah -0,0% sampai +1,0%), dan +0,3% selama 20 sesi.
Setelah 36 peristiwa geopolitik bearish sebelumnya, Euro (USD per EUR) bergerak median -1,0% selama 5 sesi (22% lebih tinggi; separuh tengah -1,8% sampai -0,3%), dan -0,7% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Euro fell about 3% that week as dollar demand rose and Europe's exposure to Russia was priced in, matching the size of the move.
Weekly dollar gain of nearly 1% against a euro down about 3% on Europe's exposure to Russia, and weakened market liquidity, reflects the stress-driven dollar bid.