The South Korean won edged up on Wednesday against the world’s reserve currency, marking its top advance in about one week against the greenback as Russia and Ukraine tension toned down, according to Bloomberg.
Wheat and corn futures slipped on Wednesday amid relaxing preoccupations about supply disruptions while Russia and Ukraine embarked on détente, according to Bloomberg.
Tensions between Russia and Ukraine prompted increased demand for storage havens on Tuesday as gold futures rose in value and barreled toward the threshold price of $1,400 per troy ounce, according to Bloomberg.
The Japanese yen dove the most since the middle of last month on Tuesday against the world’s reserve currency as Russia reportedly toned down military training in its western region, tugging down demand for assets considered safe-haven assets such as the yen, according to Bloomberg.
Increased tensions between Russia and Ukraine tugged down West Texas Intermediate crude oil futures on Tuesday as the energy commodity dropped from its top value since September, according to Bloomberg.
The Japanese yen climbed on Monday against all 16 of its major rivals amid growing concerns for the stability of Ukraine as Russian troops streamed into Crimea, prompting demand for safe-haven assets to climb, according to Bloomberg.
Gold got a boost today (February 7) on the disappointing jobs numbers! The worse the economy, the better for Gold. The harsh weather conditions have been the scapegoat again for the lackluster data.