Euro Plummets and US Dollar Surges as Putin Hints Russia Is Ready to Use Nuclear Weapons


The dollar is typically seen as a safe-haven asset by investors and tends to surge when geopolitical mayhem weighs on market sentiment for risk.

The British pound continued its losses after hitting a 37-year low against the dollar last week, falling 0.32% to $1.1345.

Putin focused on the self-proclaimed republics of Luhansk and Donetsk and the Moscow-controlled regions of Zaporizhzhia and Kherson, where people will vote on whether to become part of Russia.

The partial mobilization of Russia’s two million reservists will bring another 300,000 troops with previous military experience into the Ukraine conflict.