© Reuters. FILE PHOTO: Euro, Hong Kong greenback, U.S. greenback, Japanese yen, pound and Chinese language 100 yuan banknotes are seen on this image illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photograph
By Kevin Buckland
TOKYO (Reuters) – The euro weakened and safe-haven currencies together with the U.S. greenback have been in demand on Thursday amid intensifying fears of an imminent full-scale Russian invasion of Ukraine.
The buck, yen and Swiss franc all rose again towards multi-week highs to Europe’s single foreign money, whereas the buck hovered close to a one-week peak versus main friends after U.S. Secretary of State Antony Blinken stated he believes Russia will invade Ukraine inside hours.
Riskier commodity-linked currencies additionally tumbled, succumbing to worsening threat sentiment after earlier within the week proving resilient as a result of excessive commodity costs.
Ukraine has declared a state of emergency and Moscow started evacuating its Kyiv embassy, whereas the West slapped Russia with sanctions.
The euro fell as a lot as 0.26% to $1.12750, the bottom stage since Feb. 3.
It declined 0.29% to 129.640 yen, approaching Tuesday’s low of 129.360, its weakest since Feb. 3. It slipped 0.22% to 1.03550 franc, closing in on Tuesday’s trough at 1.03405, which was the bottom since Jan. 24.
The – which gauges the foreign money in opposition to six main friends, together with the euro, yen and Swiss franc – rose as a lot as 0.19% to 96.372 for the primary time since Feb. 14.
“We’re undoubtedly seeing a knee-jerk response to Blinken’s feedback,” with haven currencies in demand and the euro and commodity currencies bought off, stated Joseph Capurso, a strategist at Commonwealth Financial institution of Australia (OTC:).
“The state of affairs definitely seems to be like it should worsen earlier than it will get higher.”
The Australian greenback dropped 0.33% to $0.72075 and the New Zealand greenback slid 0.41% to $0.67475.
Sterling misplaced 0.08% to $1.35340.
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