Investors are analyzing the possible implications of an escalation of the Russia-Ukraine conflict.
He dollar global rose after an initial push to safe-haven currencies such as the greenback, the swiss franc and the yen, caused by an advertisement Russia that it would lower its threshold for a nuclear attack, faded after comments from Russian and American officials.
He dollar indexwhich measures the price of the greenback against a basket of currencies, rose 0.03% to 106.25 after reaching a high of 106.63 in the session, while the euro fell 0.12% to $1.0586.
Meanwhile, the yen It remained unchanged at 154.68 per dollar, after rising as much as 0.91% against the greenback. The Japanese currency rose 0.11% to 163.74 against the euro, after strengthening to a six-week high of 161.50.
In front of swiss franc, The dollar rose 0.02% to 0.883 after earlier falling as much as 0.32% on the day. In turn, the russian ruble weakened by 0.83% against the US dollar and stood at 100.571 per dollar, while the pound sterling weakened 0.04% to $1.2671.
The Russia-Ukraine conflict
The greenback was sensitive to Ukraine used US ATACMS missiles to strike Russian territory for the first time, Moscow said, in an attack seen by Russia as a significant increase in hostilities on the 1,000th day of the war.
Putin approved the change to Russia’s nuclear doctrine days after two U.S. officials and a source familiar with the decision said Sunday that the U.S. president’s administration Joe Biden would allow Ukraine to use American-made weapons to deeply attack Russia.
The initial reaction in the markets faded somewhat after the Russian Foreign Minister, Sergei Lavrov, He said the country would “do everything possible” to avoid the start of a nuclear war, while approving Germany’s decision on Monday not to provide long-range missiles to Ukraine, calling it “a responsible position.”
Besides, USA He said he saw no reason to adjust his own nuclear posture in response.
“We are seeing a reversal after Lavrov’s comments, plus the United States will not respond to this change in Russian nuclear doctrine, that has also played a role in calming sentiment here a bit,” he told Reuters. Erik Bregar director of currency and precious metals risk management at Silver Gold Bull in Toronto.
“The three-week hot streak of overleveraged longs and geopolitical risk hasn’t gone away; the outside world is still crazy and dangerous.”
Source: Ambito
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