Ukrained tensions is escalating and risk adversion is dominating the market now.
President Putin warned Ukraine against continuing its anti-separatist offensive after Ukraine government troops killed five rebels and prompted Russia’s military to begin new drills on the two nations’ border.
The agreement signed in Geneva last week between Ukraine, Russia, the European Union and the U.S. is on the brink of collapse. President Barack Obama said that the U.S. and its allies have additional sanctions against Russia ready to go because Putin’s government has yet to abide by the accord.
USD continue to move lower against most of the major currencies today although supported by relatively healthy economic data because JPY keep strengthened after tensions between Ukraine and Russia escalated.
Gold was sold off ahead of US trading session opening from 1284 to 1268, however gold reversed its downtrend to move up quickly to 1299 in an hour just after the Durable Goods Orders and Jobless claims news released.
Commodities currencies is still being sold off in early Asian trading session today.