28/02/2022
This was an extremely volatile and disturbing trading week with sharp movements in the financial market caused by its reaction to a severe aggravation in Russian-Ukrainian relations.
After the announcement by Russian President Vladimir Putin of a special military operation in the Donbass, the demand for defensive assets, including the dollar, has risen sharply. The US dollar index DXY reached yearly highs at 97.73, but by the end of the US session on Friday, the quotes fell to the current level of 96.62.
Immediately after the start of the military operation, the situation with energy prices sharply worsened: the price of oil reached $100, and gas - more than $1,600 per thousand cubic meters. Quotes of gold rose last Thursday to the level of 1974.00 dollars per ounce, but ended the week in negative territory. By the end of the week, the situation on the market calmed down a bit, but investors still preferred the dollar and American assets (despite the extreme volatility, the main US stock indices ended the past week in positive territory).
