Adding to his previous dislike for Russian attacks on nuclear facilities, Ukraine’s President Volodymyr Zelensky mentioned, “If there is an explosion, it is the end of everything. The end of Europe.”
The national leader also added, “Only immediate European action can stop Russian troops."
FX implications
Global markets remain risk-averse on the Ukraine- Russia standoff and such statements from Ukraine’s President Zelensky adds strength to the market’s rush to risk safety. As a result, traditional safe-havens like gold and the US dollar remain on the front foot of late.
Read: Gold Price Analysis: Bullish pennant, Ukraine woes favor XAU/USD bulls above $1,900, US NFP eyed