US dollar hits new 20-year high as Russia calls up reservists | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing 300,000 military reserves in an escalation of the war in Ukraine

In a televised national address Wednesday, President Vladimir Putin announced an immediate partial mobilization of Russian citizens and threatened to use “all the means at our disposal” to defend Russia “and our people.” He also referenced the potential use of nuclear weapons. The speech pushed the greenback up 0.4% against a basket of major currencies to its strongest level since 2002. Investors often seek safe haven in US dollar assets during times of geopolitical tension.

5% Wednesday after the announcement, adding to heavy losses incurred Tuesday after Putin threatened to hold referendums to annex parts of Ukraine still occupied by Russian forces. The ruble also dropped nearly 3% against the US dollar. Asian stocks pulled back. While indexes in Europe initially dropped, they were last flat or slightly higher in morning trade ahead of the Federal Reserve’s latest policy announcement. The euro initially slumped 0.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

what about this terrorist

young generation of climate freedom activist in Russia and in the world wait they prepare for reserve you soon .Russia belongs to Russia people they know now you playing with plastic money . Russia people said its nothing worth than life .Ukraine freedom choose.choose freedom

The Ruble is even further in the toilet.

Thank you, Puty-Put! Your friend, America 🇺🇸

CNN is terrible at covering real news!!!!!!!!!!!!!!!

How bout you focus on the border crisis instead of mar a lago!

He looks like he's speaking from a basement in the early 80s. Probably has a sweet Atari and an air hockey table down there.

While Euro dumped to 0.99 . Nice, isn't it? And while people continue to die, and war escalates. But all what matters is that the US DOLLAR CLIMBED! WeWantPeace Peace NoWar

such a bitter loser... Im convinced you should be thinkin of using the reserves to defend yourself and your ghosting allies... nopeacewithoutWAR

Is The Military Lobby Working Hard, both in the Russia and USA,,? Looks like Everything is being Pre-planned !

Stop the war and you can demobilise all those you called up Mr Putin. It would help the whole planet feel safer.

World busy picking war rather than peace. And for it nearly whole world responsible. But problem is Only challenges No third world war!

Looks like someone who is losing... Will you sacrifice Russia's eighteen-year-olds? 🤔

Watching the destruction of Ukraine Is it because it's amazing? Where is Peace Peace?

World 🌍 🌍 War III

MahsaAmini

But the ruble was supposed to be dead 🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines