As War Wages on, Market Volatility is the Only Certainty for Traders
According to Bloomberg News, with the week kicking off on Monday, traders have just one certainty. That is a continuation of another volatile stretch, with the Russia Ukraine war upsetting financial markets.
The looming uncertainty for traders Following an appetite for safer havens that have lifted the currency gauge to the highest since July 2020, the US dollar will now be in focus, and the US Secretary says that the Biden Administration, along with the allies, is planning upon a Russian oil embargo. As trading opened in Asia, the euro was seen to rise, continuing recovery in the last two years from the lowest level. It reached the mark on Friday as the investors were looking for ways to challenge Europe’s growing crisis. Euro witnessed a modest gain on Monday trading following a decree allowing Russia and its companies to pay in rubles to the foreign creditors, warding off defaults while the capital controls are still in place.