Safe-havens – USD, JPY and CHF eased on Tuesday as Russia announced some of its troops were returning to base after exercises near Ukraine, reducing some investor anxiety over the potential invasion.
CIBC explains that “the big story overnight is the feeling of de-escalation on the Russia-Ukraine border, so that’s taking out some of the premiums that had been priced into the FX and really the macro space since Friday afternoon.”
CIBC explains that “the big story overnight is the feeling of de-escalation on the Russia-Ukraine border, so that’s taking out some of the premiums that had been priced into the FX and really the macro space since Friday afternoon.”
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