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Financial markets remained volatile on Tuesday as investors continue to digest the latest news out of the Russia-Ukraine conflict.
Developments on Russia’s invasion of neighbouring Ukraine have continued to dominate news headlines in financial markets so far this week.
In the end, US intelligence warnings were fully vindicated as Putin launched a full-scale invasion of Ukraine on Thursday.
Financial markets were left reeling on Thursday morning on the news that Russia had launched a full-scale military assault on Ukraine, with reports of missile strikes and explosions in major cities.
Most currencies traded in a fairly volatile fashion on Tuesday amid contrasting headlines out of the Ukraine crisis.
Investors remained on edge on Monday, with concerns surrounding the ongoing tensions between Russia and Ukraine triggering safe-haven flows into the likes of the Japanese yen and Swiss franc.
Inflation and central banks have taken a backseat to geopolitics in financial markets, and currency markets are no exception.
The dollar was broadly weaker against most of its major peers during London trading on Thursday, despite ongoing concerns surrounding geopolitical tensions between Russia and Ukraine.