Today's Forex News: Russia’s attack fuels safe-haven assets, com
Today's Forex News: Russia’s attack fuels safe-haven assets, commodities
EUR/USD⬆️
GBP/USD⬆️
AUD/USD⬆️
USD/CAD⬇️
XAU⬆️
WTI⬆️
Eastern Europe's economic development continues to set the pace for financial markets. Mid-European morning, safe-haven assets rose as Russia intensified its airstrikes on Ukraine, with President Vladimir Putin declaring that the invasion would continue until he achieved his goal.
Generally, neutral countries join worldwide attempts to destabilize Russia. Switzerland and Finland, among others, are either shipping armour to Ukraine or participating in Moscow's financial blockade.
Meanwhile, the next round of Russian-Ukrainian negotiations will begin on Wednesday. Russia allegedly demanded during Monday's first round of negotiations that Ukraine agree to documenting its off-block status at the parliamentary level and organizing a vote on the subject. Additionally, Moscow wishes for Kyiv to recognize the Donetsk and Lugansk People's Republics and to abandon its demand for the return of Crimea to Ukraine. On the other hand, Ukraine has urged a halt to hostilities and the removal of Russian soldiers from its territory.
By day's end, Putin had issued a directive prohibiting foreign cash shipments from Russia in excess of $10,000 commencing March 2.
The American Dollar is up against the majority of its key competitors, most notably European currencies. The EUR/USD pair has fallen to its lowest level since June 2020 and is presently trading near 1.1130, while the GBP/USD pair is trading near 1.3320.
The AUD/USD pair flirted with 0.7300 before reversing course and closing barely altered at about 0.7250. The USD/CAD pair pushed higher against a backdrop of dropping equities and a backdrop of record crude oil prices, eventually finishing at approximately 1.2735.
The price of black gold rose to its highest level in seven years amid fears that supply may be impacted by the Russian war. WTI rose as high as $106.76 a barrel before reversing course to trade at $103.60.
Gold prices profited from the risk-averse climate and climbed beyond $1,940 per troy ounce, maintaining the majority of their gains through the US close.
Asian markets went up, but European and US indices sank. Government bond demand increased, with the yield on the 10-year US Treasury note falling below 1.70 percent.
One of the more intriguing trends is that money markets are reducing bets on aggressive rate hikes in response to renewed uncertainty on the battlefield.
US Federal Reserve Chairman Jerome Powell will speak before the House Financial Services Committee on the Semi-Annual Monetary Policy Report.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
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EUR/USD⬆️
GBP/USD⬆️
AUD/USD⬆️
USD/CAD⬇️
XAU⬆️
WTI⬆️
Eastern Europe's economic development continues to set the pace for financial markets. Mid-European morning, safe-haven assets rose as Russia intensified its airstrikes on Ukraine, with President Vladimir Putin declaring that the invasion would continue until he achieved his goal.
Generally, neutral countries join worldwide attempts to destabilize Russia. Switzerland and Finland, among others, are either shipping armour to Ukraine or participating in Moscow's financial blockade.
Meanwhile, the next round of Russian-Ukrainian negotiations will begin on Wednesday. Russia allegedly demanded during Monday's first round of negotiations that Ukraine agree to documenting its off-block status at the parliamentary level and organizing a vote on the subject. Additionally, Moscow wishes for Kyiv to recognize the Donetsk and Lugansk People's Republics and to abandon its demand for the return of Crimea to Ukraine. On the other hand, Ukraine has urged a halt to hostilities and the removal of Russian soldiers from its territory.
By day's end, Putin had issued a directive prohibiting foreign cash shipments from Russia in excess of $10,000 commencing March 2.
The American Dollar is up against the majority of its key competitors, most notably European currencies. The EUR/USD pair has fallen to its lowest level since June 2020 and is presently trading near 1.1130, while the GBP/USD pair is trading near 1.3320.
The AUD/USD pair flirted with 0.7300 before reversing course and closing barely altered at about 0.7250. The USD/CAD pair pushed higher against a backdrop of dropping equities and a backdrop of record crude oil prices, eventually finishing at approximately 1.2735.
The price of black gold rose to its highest level in seven years amid fears that supply may be impacted by the Russian war. WTI rose as high as $106.76 a barrel before reversing course to trade at $103.60.
Gold prices profited from the risk-averse climate and climbed beyond $1,940 per troy ounce, maintaining the majority of their gains through the US close.
Asian markets went up, but European and US indices sank. Government bond demand increased, with the yield on the 10-year US Treasury note falling below 1.70 percent.
One of the more intriguing trends is that money markets are reducing bets on aggressive rate hikes in response to renewed uncertainty on the battlefield.
US Federal Reserve Chairman Jerome Powell will speak before the House Financial Services Committee on the Semi-Annual Monetary Policy Report.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
📱 Monitor the markets in real time and seize trading opportunities on Mitrade
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