Ukraine Foreign Minister Kuleba: We have asked the UN Security Council to convene an emergency meeting

Anil Panchal FXStreet

Ukraine Foreign Minister Dmtryo Kuleba’s briefing on geopolitical tensions with Russia recently added to the risk-off mood as the diplomat conveyed the emergency meeting request to the United Nations (UN) Security Council.

Ukraine Foreign Minister Kuleba also said, “The plea by separatist leaders to Russia for military support is a further escalation of the security situation.”

Meanwhile, a satellite imagery firm Maxar also mentioned new deployments of Moscow’s troops in western Russia.

Additionally, the Dnipro International Airport in eastern Ukraine is closed to arrival and departures until 7:00 AM local time Thursday.

FX implications

AUD/USD is considered a risk-barometer pair and holds lower ground near 0.7230 amid recent challenges to market sentiment. On the contrary, gold prices remain firmer due to the metal’s safe-haven appeal.

Read: Gold Price Forecast: XAU/USD looks to reclaim $1914 amid risk-aversion theme

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD weakens toward 1.1600 as firm US data revives the US Dollar

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session.

GBP/USD drifts lower heading into NFP range

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture.

Gold slumps below $5,100 as US Dollar gains

Gold price tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar. The US employment report for February will take center stage later on Friday.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.