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- USD/CHF is bid as Ukraine is attacked by Russian military forces, roiling financial markets
USD/CHF is bid as Ukraine is attacked by Russian military forces, roiling financial markets
- USD/CHF is volatile surrounding the Ukraine crisis and warfare imposed by Russian forces.
- European markets are coming online to face the volatility.
USD/CHF is turning up and is trading 0.16% higher a Russian President Vladimir Putin said he had authorised military action in Ukraine's breakaway region of Donbas. There were soon after confirmations from NATO that an attack on Ukraine had begun and subsequent breaking news of military strikes have flowed throughout the Asian trading session.
At the time of writing, USD/CHF is trading at 0.9190 as the US dollar surges, attracting a safe-haven bid as risk-fx tumbles. In on the latest updates, the Russian Defense Ministry said in a statement that the country is attacking Ukraine’s military infrastructure with high-precision weapons.
In response, the White House made a statement by President Joe Biden on Russia's unprovoked and unjustified attack on Ukraine and he will address the US nations later today.
“I will be monitoring the situation from the White House this evening and will continue to get regular updates from my national security team. Tomorrow, I will meet with my G7 counterparts in the morning and then speak to the American people to announce the further consequences the United States and our Allies and partners will impose on Russia for this needless act of aggression against Ukraine and global peace and security.”
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