Markets around the event · cumulative change, 10 sessions before to 20 after · shaded: normal range of euro
EuroBrent oilSwiss francUS dollar
Russian banks cut from SWIFT
Western allies remove major Russian banks from SWIFT and freeze the reserves of Russia’s central bank. Riftrate read 98 the day before and 100 at its highest within 14 days.
Riftrate the day before98Crisis
Within 14 days100 ▲ +2.2Crisis
CategorySanctionsSanctions and trade wars
CountryRussia
What markets didfrom the last close before the event
| Market | Next session | After 5 sessions | After 20 sessions | How unusual |
|---|---|---|---|---|
| Euro | -0.3% | -3.1% | -2.5% | bigger than 99% of 5-day moves |
| Brent oil | +4.6% | +25.7% | +24.5% | bigger than 97% of 5-day moves |
| US 10-year yield | -0.14 pt | -0.23 pt | +0.51 pt | bigger than 96% of 5-day moves |
| US dollar | -0.0% | +1.2% | +0.5% | bigger than 93% of 5-day moves |
| Swiss franc | +1.0% | +1.0% | -0.4% | bigger than 76% of 5-day moves |
| Japanese yen | +0.4% | +0.8% | -5.2% | bigger than 72% of 5-day moves |
Correlation or cause? A market that moves on the day of an event is not proof that the event moved it. “How unusual” compares the move with every 5-day move of the previous three years: above 95%, the move stands out from normal noise. Read it with the news of the day, and see how to tell correlation from causation. Not investment advice.
Riftrate · 60 days before and after
Source for the event: en.wikipedia.org. Market data: FRED, Federal Reserve Bank of St. Louis.
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