There is not much to say today. The Russia-Ukraine conflict has escalated this morning and the Dollar gets its safe-haven bids finally. It’s okay to write about sluggish Central Banks, stupid BTFD protagonists, all the madness of the markets and the monetary system of printing money from thin air and so forth. But you do not want to comment war driven Spot rates having in mind the often observed irony of the market, to quickly forget the war again.
With that in mind, let's hope for the best for the people of Ukraine, and also let's not forget that the problem is Putin, not the Russians!
Sebbo