The price closed Tuesday at $1.2312 and ended the week 0.42% lower.700The news remains dominated by the Russian invasion of Ukraine, which is well into its third month, but seems to have become stalemated by an effective, NATO-armed Ukrainian defense.
but now seems to be having a primary effect of depressing some European currencies and global stock markets, possibly because the Russian government continues to make oblique nuclear threats. Of course, there are other fundamental factors weighing on stock markets, It should be noted that Wheat is rising strongly again, and this is due partially to the pressure on the crop from the war in Ukraine.
We are currently seeing a small recovery in stock markets, especially towards the end of last week, although the S&P 500 Index closed a bit lower over the week. The strongest trends over the past week were seen in the Forex markets, with the Japanese Yen and US Dollar strong – the Dollar Index made another 2-year high – but the Yen was the strongest currency over the week, attracting money flow as a safe-haven.
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