Dollar Up as Russia-Ukraine Tension Escalates

© Reuters By Gina Lee Investing.com – The dollar was up on Tuesday morning in Asia as Russia recognized two breakaway parts of eastern , increasing concerns of a major war. The that tracks the greenback against a basket of other currencies edged up 0.15% to $96.168 by 10:11 PM ET (3:11 AM GMT). The pair inched down 0.10% to 114.63. The pair inched up 0.03% to 0.7192 while the pair inched up 0.09% to 0.6704. The pair inched up 0.09% to 6.3408, and the pair inched down 0.09% to 1.3584. Investors turn to safe-haven assets as Russia and Ukraine tension escalates. The euro dipped about 0.1% to a one-week low of $1.1297 while the Swiss franc, another safe-haven, hit a one-month high overnight. "It is remarkably restrained...but in these circumstances risk metrics are the driving force," NAB head of foreign exchange strategy Ray Attrill told Reuters. Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine as independent on Monday and ordered the deployment of troops to the areas. Whether the action was the start of an invasion of Ukraine is not clear yet, but the West has begun to respond by preparing sanctions. The Russian robule extended its slide on Tuesday after it tanked more than 3% against dollar on Monday. "The sharp sell-off in Russian assets is a stark reminder that tension remains super high and risk sentiment is being hit across equity, credit and bond markets," Westpac analysts said in a note. “However, the commodity story remains super supportive though and we are in the middle of miner dividend season meaning that we are likely set for more rangy price action around $0.72,” the note added. Cryptocurrencies were also under pressure, with bitcoin sitting its near three-month low at $37,112. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Dollar Up as Russia-Ukraine Tension Escalates
Dollar Up as Russia-Ukraine Tension Escalates© Reuters

By Gina Lee

Investing.com – The dollar was up on Tuesday morning in Asia as Russia recognized two breakaway parts of eastern , increasing concerns of a major war.

The that tracks the greenback against a basket of other currencies edged up 0.15% to $96.168 by 10:11 PM ET (3:11 AM GMT).

The pair inched down 0.10% to 114.63.

The pair inched up 0.03% to 0.7192 while the pair inched up 0.09% to 0.6704.

The pair inched up 0.09% to 6.3408, and the pair inched down 0.09% to 1.3584.

Investors turn to safe-haven assets as Russia and Ukraine tension escalates. The euro dipped about 0.1% to a one-week low of $1.1297 while the Swiss franc, another safe-haven, hit a one-month high overnight.

"It is remarkably restrained...but in these circumstances risk metrics are the driving force," NAB head of foreign exchange strategy Ray Attrill told Reuters.

Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine as independent on Monday and ordered the deployment of troops to the areas.

Whether the action was the start of an invasion of Ukraine is not clear yet, but the West has begun to respond by preparing sanctions.

The Russian robule extended its slide on Tuesday after it tanked more than 3% against dollar on Monday.

"The sharp sell-off in Russian assets is a stark reminder that tension remains super high and risk sentiment is being hit across equity, credit and bond markets," Westpac analysts said in a note.

“However, the commodity story remains super supportive though and we are in the middle of miner dividend season meaning that we are likely set for more rangy price action around $0.72,” the note added.

Cryptocurrencies were also under pressure, with bitcoin sitting its near three-month low at $37,112.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.