Dollar Down As Ukraine Crisis Weighs On Forex Market

The greenback fell against the euro and yen following the Federal Reserve chief’s pledge yesterday to keep interest rates near historic lows while tensions in the Ukraine intensify.

Expect forex ranges to be tight, volatility kept to a minimum, and liquidity to become thinner while watching for any developments on the geopolitical front. Already, the prospect of the four-party talks between Russia, Ukraine, U.S., and European Union diplomats in Geneva producing a peaceful settlement appears unlikely. The delegations are supposedly focusing on a blueprint designed to reduce friction between Russia and Ukraine. However, in an ominous sign, the U.S. seems to be preparing to impose additional sanctions on Russia if the situation remains unchanged.

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Dollar Down As Ukraine Crisis Weighs On Forex Market

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