Global markets have been shaken by a sudden escalation in the Russia-Ukraine conflict after Ukraine used US-supplied long-range missiles for a strike in Russian territory and Moscow lowered the threshold for response using nuclear weapons.
The US Dollar (USD) declines on Friday, breaking a streak of five trading days of gains, as traders engage in profit-taking after the Trump-led rally pushed the Greenback to reach on Thursday its highest level this 2024.
Here is what you need to know on Tuesday, November 12: Asian FX affair witnessed a negative shift in risk sentiment, as investors moved away from higher-yielding/ risk assets amid lingering concerns over China’s economic concerns and US President-elect Donald Trump’s potential protectionism policies.