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The Russian ruble fell to a record low on Thursday, the euro sank to a multi-year low against the Swiss franc, while the Japanese yen jumped after Russian forces attacked Ukraine, firing missiles at several cities and landing troops on the country’s southern coast.
Investors turned away from the Russian currency and turned to safe-haven currencies. Risky currencies that are sensitive to investor sentiment such as the Australian dollar also declined.
And increased volatility in the foreign exchange markets.
The ruble fell to 89.98 against the dollar. The dollar rose 7 percent against the ruble in the latest trading, with selling pressure building as European markets opened.
The euro fell 0.84 percent to $1.1209, its lowest since Jan. 31.
The Swiss franc rose to its highest level since 2015 against the euro to 1.029 before falling back. And the euro recorded in its latest trading, a decline of 0.3 percent to 1.0352 dollars.
The US dollar initially rose, and its index increased by 0.60 percent to 96.762 for the first time since Jan. 31, before giving up some of its gains.
The Japanese yen’s movements were not large, and it was last up 0.2 percent at 114.74 against the dollar.
The Australian dollar fell 0.90 percent to $0.7167 and the New Zealand dollar fell 1 percent to $0.6706.
