The global flight to safety continued benefitting the safe-haven USD and exerted downward pressure.Therecovered its early lost ground from the fresh YTD low and climbed to the top end of its intraday trading range, around the 1.3225 region in the last hour.
The pair added to last week's losses and witnessed some follow-through selling during the early part of the trading on Monday amid the underlying strong bullish sentiment surrounding the. The worsening situation in Ukraine continued weighing on investors' sentiment, which was evident from an extended sell-off across the global equity markets. This, in turn, boosted demand for traditional safe-haven assets and pushed the USD to its highest level since May 2020.
In the latest developments, Russian forces intensified attacks on Ukraine and increasing Western sanctions also did little to deter Russia’s aggression. Moreover, Russian President Vladimir Putin warned that the war in Ukraine would continue. Apart from this, Friday's mostly upbeat US monthly employment details further acted as a tailwind for the greenback. This was seen as a key factor behind the GBP/USD pair's decline to sub-1.3200 levels for the first time since December 20.
HareshMenghani NFT and Bitcoin Options Trading works, I started with $10,000 and my expectations was met. Even if it doesn't go along with this post I know someone needs help too, DM xAvieremerson_