The US dollar and the Japanese yen rose against a basket of major currencies amid increased demand for safe-haven due to the Eastern European geopolitical tensions. The euro fell to $1.11 against the dollar, near its lowest level since May 2020.
Oil prices rose as the Brent crude contracts traded above $100 a barrel, with markets worried about the oil supply due to the imposed sanctions on Russian oil exports.
Asian stock indices performance varied, while US and European stock indices contracts fell during the Asian session. Markets are monitoring developments in Russian-Ukrainian geopolitical tensions.
Gold prices rallied to trade above $1,900, and silver also rose. The US, the European Union, and allies agreed to remove major Russian banks from the SWIFT interbank messaging system and freeze Russian Central Bank assets.