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At a 20-year high after Putin enlisted

At a 20-year high after Putin enlisted
At a 20-year high after Putin enlisted

The dollar hit a new 20-year high on Wednesday after Russian President Vladimir Putin announced a partial mobilization for Russian forces in a move expected to prolong the war in Ukraine. The dollar is seen as a safe haven in times of geopolitical tensions and economic pressures.

The dollar against a basket of other major currencies jumped today after the announcement, hitting a twenty-year high.

The US currency is also benefiting from predictions that the US Federal Reserve (Fed) will announce a tight monetary policy later today, the dollar index, which compares it to currencies such as the yen, euro or sterling, rose to 110.87 units, a record level since 2002.

The index rose as much as 0.6% in early London trade to hit its highest level since 2002. The pound fell 0.4% to $1.133 and the euro lost 0.7% to settle below rate at $0.99. MSCI’s index of emerging market currencies fell 0.3%.

The article is in Greek

Tags: #20year high Putin enlisted

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