Home / Market Update / Forex Market / The US Dollar Benefits From Russian-Ukrainian Tensions

The US Dollar Benefits From Russian-Ukrainian Tensions

The US dollar has continued to rise since the beginning of Monday’s trading session, benefiting from the deterioration in risk appetite in global financial markets due to the Russian-Ukrainian tensions.

The dollar index, which measures the performance of the US currency against a basket of major currencies, rose to 96.02 points, compared to the last close at 95.64 points.

The index fell to its lowest level over the course of the current trading day at 95.63 points, compared to the highest level at 96.13 points.

For the second week in a row, the US State Department continues to instruct the families of US diplomats in Ukraine to return to the United States against the backdrop of a possible Russian invasion of this country.

Check Also

Oil Prices Edge Higher Amid Cooling Inflation and Supply Resumptions

Oil prices began the week on a positive note, bolstered by data showing cooling U.S. …