Welcome to ASKY.
+4 votes
in Economics by ASKY Obsessed (15.4k points) 16 91 114

"We are seeing a flight to the quality of world markets, as investors were surprised by reports that Washington expects a Russian invasion of Ukraine in the near future and this supports the yen," said Edward Moya, an analyst at Oanda brokerage in Australia.

However, experts from Japan's largest MUFG Bank believe that "continued political tensions will irritate investors this week and support demand for the US dollar."

The ICE Dollar index, which shows the dynamics of the dollar against the six major currencies (euro, Swiss franc, Japanese yen, Canadian dollar, British pound and Swedish krona), increased by 0.33%, and the broader dollar index WSJ rose by 0.06% .

The euro depreciated against the dollar by 0.18% to $ 1.1322 after closing at $ 1.1350 at the end of the previous session on Friday.

The British pound also fell against the US currency, by 0.25% to 1.3511 dollars per pound, and the Australian dollar lost 0.24% to 0.7120 USD.

At the same time, the Japanese currency rose 0.09% to 115.42 yen per US dollar, after reaching a five-week low of 116.34 yen per US dollar last week.

In the end, the whole hysteria in the United States may be just a "clever" attempt to save its suffering economy and the sinking dollar.

It has long been clear to everyone that their economy can be sustained only during a war or with a possible probability of such ...

221 questions

262 answers


139 users

Welcome to ASKY, where you can ask questions and receive answers from other members of the community.



Like us on Facebook

Show your Support. Become a FAN!