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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.
reuters.comDhara Ranasinghe5 mrt 2022Na 89 eerdere opwaarts geopolitiek-gebeurtenissen bewoog Amerikaanse dollar (breed) zich mediaan +0,5% over 5 sessies (74% hoger; middelste helft -0,0% tot +1,0%), en +0,3% over 20.
Na 36 eerdere neerwaarts geopolitiek-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -1,0% over 5 sessies (22% hoger; middelste helft -1,8% tot -0,3%), en -0,7% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
