EUR/USD⬆️
GBP/USD⬆️
AUD/USD⬇️
USD/CAD⬆️
XAU⬇️
WTI⬇️
Market players tried to be optimistic about a diplomatic solution to the Russia-Ukraine conflict but were unable to do so. The optimistic feeling waned during the day, with Wall Street closing in the red following a high opening.
According to Ukraine's negotiator Mikhail Podolyak, the latest round of peace talks has been paused and will resume on Tuesday. According to a Kremlin spokeswoman, "all of Russia's intentions in Ukraine will be carried out in full and within the time frames specified." Additionally, press reports indicated that Russia may suspend wheat, corn, rye, and barley exports, while Moscow and Belarus, according to the latter's Prime Minister, will cease paying for energy supply in US dollars.
The EU Commission announced the imposition of new sanctions on Russian billionaires and entities. On the other hand, the US informed its NATO partners that China is eager to aid Russia with military and economic assistance.
The dollar is strengthening versus the most of its major rivals, however the EUR/USD is slightly higher on the day, trading at around 1.0960. The GBP/USD pair is putting pressure on the 1.3000 level following a new multi-month low of 1.3008.
Commodities dipped down, with gold falling to $1,949.57 a troy ounce and remaining there for the remainder of the day. Crude oil prices fell, with WTI trading at approximately $101.40 per barrel.
Risk aversion and a decline in gold and oil prices harmed demand for commodity-linked currencies. The AUD/USD pair broke through the 0.7200 mark, while the USD/CAD pair is trading near 1.2820.
The USD strengthened against safe-haven currencies in response to rising US government bond yields. The 10-year Treasury note yield peaked at 2.145 percent and is now hovering around 2.13 percent. The USD/JPY currency pair is trading near 118.10, its highest level since January 2017.
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GBP/USD⬆️
AUD/USD⬇️
USD/CAD⬆️
XAU⬇️
WTI⬇️
Market players tried to be optimistic about a diplomatic solution to the Russia-Ukraine conflict but were unable to do so. The optimistic feeling waned during the day, with Wall Street closing in the red following a high opening.
According to Ukraine's negotiator Mikhail Podolyak, the latest round of peace talks has been paused and will resume on Tuesday. According to a Kremlin spokeswoman, "all of Russia's intentions in Ukraine will be carried out in full and within the time frames specified." Additionally, press reports indicated that Russia may suspend wheat, corn, rye, and barley exports, while Moscow and Belarus, according to the latter's Prime Minister, will cease paying for energy supply in US dollars.
The EU Commission announced the imposition of new sanctions on Russian billionaires and entities. On the other hand, the US informed its NATO partners that China is eager to aid Russia with military and economic assistance.
The dollar is strengthening versus the most of its major rivals, however the EUR/USD is slightly higher on the day, trading at around 1.0960. The GBP/USD pair is putting pressure on the 1.3000 level following a new multi-month low of 1.3008.
Commodities dipped down, with gold falling to $1,949.57 a troy ounce and remaining there for the remainder of the day. Crude oil prices fell, with WTI trading at approximately $101.40 per barrel.
Risk aversion and a decline in gold and oil prices harmed demand for commodity-linked currencies. The AUD/USD pair broke through the 0.7200 mark, while the USD/CAD pair is trading near 1.2820.
The USD strengthened against safe-haven currencies in response to rising US government bond yields. The 10-year Treasury note yield peaked at 2.145 percent and is now hovering around 2.13 percent. The USD/JPY currency pair is trading near 118.10, its highest level since January 2017.
📱 Get instant market news delivered to you in real time on Mitrade