Dollar narrows once morest major currencies As investors watch the crisis in Ukraine
As of 12:31 a.m. PST, the dollar index, which measures the dollar’s movements once morest the six major currencies in the basket, was down 0.05% to 96.03, while the euro gained 0.37% to 130.25 yen and jumped. The dollar rose 0.17% to $1.133, while the dollar rose 0.18% to 114.95 yen.
Russia recognizes its independence to the Donetsk and Luhansk regions. which is located in the Donbas region of Ukraine and send troops into the two regions, which are sympathetic to Russia
Most recently, the Russian Senate voted unanimously to allow President Vladimir Putin to use Russian troops outside the country to support separatist groups in Ukraine.
The senators voted in favor with 153 votes without any objection.
President Putin previously petitioned the Senate for approval of the use of foreign military force in support of the Donetsk People’s Republic (DNR) and the Luhansk People’s Republic (LNR), located in the Don region. Basketball in the east of Ukraine which the pro-Russian rebel group occupied and has been fighting the Ukrainian army since 2014.
“Negotiations have stalled. while the Ukrainian leader used violence and bloodshed. They leave us no other choice. NATO has given Ukraine modern weapons,” said Nikolai Pankov, Deputy Minister of Defense of Russia. Addressing the Senate on behalf of President Putin
Mr Pankov said “In accordance with the Treaty of Friendship and Cooperation with the DNR and LNR, I hereby submit a proposal for the Senate to approve the use of the Russian Federation’s military forces outside the country.”
On the Duma side which is the House of Representatives of Russia It had previously approved a bill certifying the status of an independent state of the Donetsk-Luhansk People’s Republic. While President Putin has officially signed the bill. This is considered a torn up of the Minsk agreement. which aims to end the separatist war in Donbas After killing 15,000 separatists and Ukrainian troops
US to announce sanctions on Russia today in response to the invasion of Ukraine Britain announced sanctions on five Russian banks, including three Russian businessmen.
In addition, investors are still concerned regarding the Federal Reserve’s (Fed) interest rate hike this year, which may be faster and stronger than expected. to curb inflation, the highest in 40 years
The CME Group’s FedWatch Tool indicates that investors are giving as much as 100 per cent the interest the Fed will raise interest rates by 0.25% at its March 15-16 meeting.
Meanwhile, markets are keeping an eye on Fed Chairman Jerome Powell, who will address Congress on March 2-3, possibly his final public comment on monetary policy. Before the Fed began raising interest rates at its meeting just a few days later.
Powell will deliver his semiannual monetary policy statement to the House Monetary Services Committee on March 2 and to the Senate Banking Committee on March 3. Both days will begin at 10:00 a.m. US time or 10:00 p.m. Thai time.
