Currencies on edge as traders assess risks from Poland

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The safe-haven U.S. dollar firmed in volatile trading on Wednesday as markets took stock of geopolitical risks following news of a Russian-made rocket striking NATO-member Poland.

U.S. President Joe Biden said early information suggested the blast in Poland may not have been caused by a missile fired from Russia, even as the United States and its NATO allies investigated the blast, which killed two.

Biden was speaking after global leaders held an emergency meeting on Wednesday following the deadly explosions that Ukraine and Polish authorities said were caused by Russian-made missiles. The euro was up 0.11% at $1.0361, having slipped 0.18% earlier in Asian trade. The currency saw similar moves overnight.

 

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