Risk Tone – Safe-haven currencies (USD, CHF, JPY) rallied on Monday, while their high-beta counterparts (AUD, NZD, CAD, GBP) sold off as rising tensions between the West and Russia over Ukraine resulted in a risk-off wave which dominated price action.
Indeed, Reuters reported that “NATO said it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, and could also send additional troops to its south-east flank, in what Russia denounced as an escalation of tensions over Ukraine.”
Indeed, Reuters reported that “NATO said it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, and could also send additional troops to its south-east flank, in what Russia denounced as an escalation of tensions over Ukraine.”