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Page title (without namespace) (page_title) | 'FOREX-Dollar Surges As Russia Invades Ukraine' |
Full page title (page_prefixedtitle) | 'FOREX-Dollar Surges As Russia Invades Ukraine' |
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New page wikitext, after the edit (new_wikitext) | '<br>By Chuck Mikolajczak<br> <br>NEW YORK, Feb 24 (Reuters) - The U.S.<br>dollar jumped and the Russian rouble tumbled to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved towards safe haven assets.<br> <br>Russian forces invaded Ukraine in a massed assault by land, sea and air, the biggest attack by one country against another in Europe since World War Two.<br> <br>The dollar index rose 1.501% and was on pace for its biggest daily percentage gain since March 2020, when U.S, markets were in the throes of the first wave of the COVID-19 pandemic.<br><br>The greenback reached a high of 97.740 against a basket of major currencies, its highest since June 30, 2020.<br> <br>"We have a big geopolitical development that a lot of people haven´t seen before in their lives; it´s a classic risk-off move," said Erik Bregar, director, FX & precious metals risk management at Silver Gold Bull Inc in Toronto.<br> <br>"There is a push and pull over which currency is the biggest safe haven in the moment."<br> <br>The Russian rouble weakened 6.70% versus the greenback at 86.92 per dollar after softening to a record low of 89.986 per dollar.<br> <br>Against other safe havens, the dollar rose rose 1% against the Swiss franc while the Japanese yen weakened 0.52% versus the greenback at 115.56 per dollar.<br> <br>The greenback also gained sharply against other European currencies such as the Swedish crown, Hungarian forint and Polish zloty.<br> <br>The Swedish crown fell 2.35% versus the greenback at 9.62 per dollar.<br> <br>The dollar rose 4.47% against the zloty and rose 4.37% against the forint.<br> <br>The euro was down 1.65% at $1.1122 while Sterling was last trading at $1.3277, down 1.96% on the day.<br> <br>The greenback has been subdued recently as tensions in Ukraine have increased and [https://www.biggerpockets.com/search?utf8=%E2%9C%93&term=fueled%20speculation fueled speculation] the U.S.<br><br>Federal Reserve may be less [https://www.behance.net/search/projects/?sort=appreciations&time=week&search=aggressive aggressive] in tightening policy at its March meeting. Expectations for at least a 50-basis-point interest rate hike have dropped to about 13% from around 34% a day ago, according to CME's FedWatch Tool website <br>In cvryptocurrencies, [https://t.me/s/Bitcoin_verdienen bitcoin pro test] last fell 3.97% to $36,035.32.<br> <br>Ethereum last fell 5.96% to $2,462.71.<br> <br>(Reporting by Chuck Mikolajczak; editing by Jonathan Oatis)<br>' |