💨 Abstract

Investors moved funds into safe-haven currencies like the US dollar, Swiss franc, and yen following a warning from Russia about its updated nuclear doctrine. The yen reached a multi-week high versus the euro and the US dollar index also rose. This move was due to market complacency towards geopolitical risks and positioning that had become increasingly long on risk after the US elections.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖