Safe-haven assets in demand. Not Dollar
Today's Forex News: Safe-haven assets in demand, but not the dollar
Ukraine's crisis with Russia continued to dominate headlines and supported demand for safe-haven assets, even as speculative interest shifted away from the dollar. After both countries blamed one other for shelling that occurred early Thursday in the Donbass territory, major pairs stayed flat at familiar levels.
The situation deteriorated throughout the day, culminating in the breakdown of diplomatic discussions. Not only do Western nations fear Russia is not retiring, but is preparing for an invasion. Russia expelled US diplomats from their embassy and accused Washington of neglecting its security requests, while US President Joe Biden accused Moscow of fabricating drama in order to justify an invasion.
Additionally, the US Secretary of Defense stated that Russian forces are advancing toward the Ukrainian border. US Ambassador to the UN noted the"t: "the evidence on the ground is that Russia is moving toward an imminent invasion. This is a crucial moment."
Gold benefited the most from the risk-averse atmosphere, trading at over $1,900.00 per troy ounce, its best level since June 2021. The GBP/USD pair extended gains over the 1.3600 level, however the EUR/USD pair has remained stalled around 1.1350.
The CHF and JPY both hit new weekly highs against their American counterparts on the back of safe-haven buying, while commodity-linked currencies held close to their starting levels.
Crude oil prices fell somewhat, pressured down by the bearish tone in equities, and WTI is currently trading at roughly $91.40 a barrel.
Asian and European equities ended mixed, while US indexes remained negative headed into the close. Government bond yields, on the other hand, decreased slightly as demand for bonds surged.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
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Ukraine's crisis with Russia continued to dominate headlines and supported demand for safe-haven assets, even as speculative interest shifted away from the dollar. After both countries blamed one other for shelling that occurred early Thursday in the Donbass territory, major pairs stayed flat at familiar levels.
The situation deteriorated throughout the day, culminating in the breakdown of diplomatic discussions. Not only do Western nations fear Russia is not retiring, but is preparing for an invasion. Russia expelled US diplomats from their embassy and accused Washington of neglecting its security requests, while US President Joe Biden accused Moscow of fabricating drama in order to justify an invasion.
Additionally, the US Secretary of Defense stated that Russian forces are advancing toward the Ukrainian border. US Ambassador to the UN noted the"t: "the evidence on the ground is that Russia is moving toward an imminent invasion. This is a crucial moment."
Gold benefited the most from the risk-averse atmosphere, trading at over $1,900.00 per troy ounce, its best level since June 2021. The GBP/USD pair extended gains over the 1.3600 level, however the EUR/USD pair has remained stalled around 1.1350.
The CHF and JPY both hit new weekly highs against their American counterparts on the back of safe-haven buying, while commodity-linked currencies held close to their starting levels.
Crude oil prices fell somewhat, pressured down by the bearish tone in equities, and WTI is currently trading at roughly $91.40 a barrel.
Asian and European equities ended mixed, while US indexes remained negative headed into the close. Government bond yields, on the other hand, decreased slightly as demand for bonds surged.
#Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD
📱 Monitor the markets in real time and seize trading opportunities on Mitrade