Ukraine tension is easing?

Ukraine tension is easing?

Interfax news service reported that Russian troops on the Ukraine border have returned to their base. However, there is a question if this move represented a real attempt by Putin to ease tensions in Ukraine or it was just an attempt to regroup for a stronger response to new sanctions from US and Europe.

Anyway, risk assets benefited from this news. Gold fell US$14 to 1292, the yen also fell against most of its 31 major peers while USDJPY and USDCHF rebound.

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